Business Owners Celebrating the End of Michigan Business Tax

Most in the business community are celebrating the end of the Michigan Business Tax. The sweeping tax overhaul that the governor signed on Wednesday puts Michigan in the top 20 of the most business friendly states. It means for the first time in years, Morsels in Traverse City can sell its decadent goods on a level playing field. “It excites me because it means there's more money in our business to be able to hire more staff, to provide high quality products. And for us we give back to the community a lot,” says Jeff Neidorfler, Owner of Morsels in Traverse City. Just about every small business in the state benefits from the elimination of the Michigan Business Tax. Large corporations may pay higher taxes, but the chamber says they will also benefit from a much easier tax code. They will owe six percent of their income. “It's simple, it's understandable, it's fair, and that's what people were asking for,” says Doug Luciani, President of the Traverse City Area Chamber of Commerce. He's says he's watched business after business pick up and leave Michigan because of the unfair tax code. “This has been a long time coming,” he says. “This is cause for rejoicing in the business community.” Luciani says the onus is now on creating jobs — the main point of repealing the MBT. The reforms go into effect January first. 9&10's Ryan Raiche reports.