Invest In Your Bottom Line!

Key Legislative Dates

• Modified Business Tax (MBT or Payroll) decreases to 0.50% for first $250,000 of payroll ($62,500 base per quarter)
o Note: Sunsets on June 30, 2011

• Modified Business Tax (MBT or Payroll) increases to 1.17% for all payroll over first $250,000 per year (over $62,500 each quarter)
o Note: Sunsets on June 30, 2011

• Business License Fee doubles from $100 to $200 per year.
o Note: Sunsets on June 30, 2011

• Sales and Use Tax increases 0.35%.
o Note: Sunsets on June 30, 2011

• Starting on August 14, 2009 date, businesses with 50 or more employers will be required to grant 4 hours of unpaid leave to parents, guardians or custodians of children to participate in certain school activities. The time must be mutually agreed upon between the employer and the employee, with 5 days notice.

• On September 1, 2009 registration fees on vehicles older than 9 years increases from $6 to $16, and reduces the amount of depreciation allowed on such vehicles.

JANUARY 1, 2011

• Certain health care plans and policies of insurance will be required to provide coverage for autism screening and treatment as of this date.