Michigan levies a variety of taxes on the individuals that live in, work in, or visit the state. It also levies taxes on the Michigan businesses that employ Michigan’s citizens and serve its residents and visitors.
However, citizens in Michigan can find it very difficult to learn how businesses pay taxes and which taxes they pay, and often hear confusing information on these important questions.
To address the need for clarity on this topic, we assembled this Spotlight on State and Local Business Taxes in Michigan, which:
- Summarizes the state and local taxes paid by businesses in Michigan, including property taxes, income taxes, sales taxes, and other taxes;
- Illustrates how both small and large businesses pay multiple state and local taxes under current Michigan law; and
- Discusses how these taxes have changed over recent years.