Michigan Policy Network

Taxes Blog

Written by Jenni Riehle

Monday, 02 March 2009 16:52

Cigarette smokers in Michigan are being hit with yet another tax increase on their tobacco. Starting April 1st 2009 a new federal tax signed in by President Obama, will increase the price of cigarettes by an additional 62 cents per pack. This tax will be established on top of the previous 39 cents per pack making a total federal tax of just over a dollar on the tobacco product.

The additional revenue being collected is going to be set aside for a children's health insurance program. According to the American Lung Association it will help prevent children from being future smokers and will also give an additional 4 million children health insurance.

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Tax Incentives are Popular among Film Industry

Written by Jenni Riehle

Friday, 13 February 2009 05:27

The tax incentives for the film industry, which were approved last April by Governor Granholm, are in full swing. In an effort to encourage job growth and stimulate Michigan’s economy, competitive incentives were designed to reel in industries in the highly competitive market.

Michigan is now standing at the top with arguably the most generous tax incentives in the country. The Michigan Film Incentives bill gives industries up to a 42 percent rebate on the Michigan Business Tax for all production expenditures. In addition, if companies choose to set up shop in the state they will receive a 25 percent rebate on the Michigan Business Tax for infrastructures at 100,000 dollars or more.

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