Experts: Void left by business tax loss must be filled
Nearly a week after state lawmakers decided to repeal the Single Business Tax, concern has risen as to how the Legislature plans to fill the hole it will cause in the state's economy. Revenues from the tax make up 22 percent of the state's general fund. The tax, which should be phased out by the end of 2007, is believed to be a burden that's keeping new businesses from locating in Michigan.