Business Tax Debate

Carvlin, Elizabeth
March 2006
Bond Buyer;3/29/2006, Vol. 355 Issue 32349, p35
Trade Publication
The article reports on the issuance of bonds by executive L. Brooks Patterson of Oakland County to eliminate a single business tax unique in Michigan. He also collects signatures in a petition to repeal the tax that prevents businesses from moving to the state. State lawmakers are expected to vote on another proposal to prevent the tax. Patterson has showed the assets of the state that can be use for collateral to pay the bonds.


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