| How many Corporation Income Tax Rates does Michigan State have for Tax Year 2008?
For the Tax Year 2008, Michigan State has only 1 Corporation tax rate bracket, with a flat tax rate of 4.95%.
In addition, Michigan Corporations are subject to the "New Michigan Business Tax, with the first $45,000 of tax base exempt. This tax is based on a tax rate of 0.8% of modified gross receipts in excess of $350,000 or more.
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