Committee Considers Business Tax Program

Feb 16, 2024

by Liz Gullett

As MLC’s Communications and Social Media Manager, Liz Gullett keeps clients informed and up-to-date on the goings on in Lansing and the Capitol.

This week, the House Economic Development and Small Business Committee considered bipartisan legislation restoring the 2017 Good Jobs for Michigan program. Under the proposal, companies could keep up to 100% of withholding taxes for new employees.

Key Points:

    • The program name would change to High-Wage Incentive for Regional Employment (H.I.R.E.) in Michigan.
    • To be eligible, a business must create at least 250 new jobs with a median annual wage of 125% of the prosperity region or 25 new jobs with a median wage of 150% of the prosperity region.
    • The jobs created must be permanent.
    • The program is capped at $200 million per year.
    • The Michigan Strategic Fund (MSF) would administer the program and the legislation spells out the criteria they must follow when deciding if a business qualifies for the program.
    • A business in the program could receive up to 100% of the withholding tax for up to ten years. The legislation outlines what the MSF should consider when determining the amount a business could receive and the duration.

Next Steps:

    • The three-bill package remains before the committee awaiting further consideration.

Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.

Recent Posts

March Revenue Declines

March Revenue Declines

Last month, major taxes and net lottery revenue declined 24.7% from the prior year, coming in at $1.6 billion. Additionally, collections were roughly $169.6 million below prior projections from the consensus revenue estimating conference held earlier this year. Key...

Senate Passes Kindergarten Requirement

Senate Passes Kindergarten Requirement

Michigan’s young residents would be required to attend kindergarten under legislation passed by the Senate this week. Key Points: Senate Bill 285 was sponsored by Senator Dayna Polehanki (D-Livonia). A child must be enrolled in kindergarten at the age of five. A...

Legislature Approves Change to Driver License Issuance

Legislature Approves Change to Driver License Issuance

Legislation passed this week lifting restrictions on issuing driver’s licenses under certain circumstances. Passage of the bill was praised by Secretary of State Jocelyn Benson, “Similar to ‘Driver Responsibility Fees’ of years past, the multi-year prohibition from...

Looking for older articles?

We’ve recently made improvements to our blog to provide a better user experience. If you’re searching for older posts, click here to search our archive.

Michigan Legislative Consultants
110 W. Michigan Avenue
Suite 500
Lansing, MI 48933
517.372.2560
517.372.0130 fax

1001 Woodward Avenue
Suite 500
Detroit, MI 48226

MLC is proud to be the Michigan member of NASL