Bill > HB6097

This bill proposes to amend the Income Tax Act of 1967 to add a provision that would require taxpayers to add back any "specified outsourcing expenses" to their taxable income. "Specified outsourcing expenses" are defined as eligible business expenses, such as trade or business expenses, permit and license fees, lease brokerage fees, and equipment installation costs, that are attributable to the elimination or relocation of a trade or business from Michigan to outside the state. This addition to taxable income would effectively eliminate the federal deduction for certain outsourcing expenses.