WASHINGTON DC - Top tax writers in Congress announced a deal Tuesday morning to beef up the child tax credit (CTC) and reinstate business deductions that were taken away to pay for the reduction of the corporate tax rate in the 2017 Tax Cuts and Jobs Act. The CTC expansion would increase the maximum credit
LANSING - On Wednesday, legislation that would allow Michigan developers to capture a portion of sales, use and income taxes to redevelop brownfield sites through projects deemed transformational to the community was approved by a House committee. SB 111, SB 112, SB 113, SB 114 and SB 115 cleared the House Tax Policy Committee on
LANSING - The size of tax credits General Motors can claim annually and in total through the remaining life of a large, Michigan Economic Growth Authority credit the state provided it in 2009 would be capped, but GM declined to reveal by how much and state officials said it is up to GM to disclose
