Tax Climate

Since the early 1970s, further business tax reductions have been made in every legislative session with significant benefits for all businesses operating in Michigan. In short, Michigan's business taxes are among the lowest in the US.

Major Michigan Business Taxes of Interest
Corporate Income Tax
Base
Rate
Value Added
1.9% Single Business Tax
Sales Tax
State Rate
Local Option

6%
No
Personal Income Tax
Rate
3.9%
Unemployment Compensation
Base
Rate
New Employers
$9,000
0.1% - 8.1%
2.7% generally