House OKs bill that would avert $1.1B tax payout

Published September 9, 2014 10:43pm ET



LANSING, Mich. (AP) — Michigan would keep an estimated $1.1 billion it is at risk of being forced to refund to out-of-state companies under a bill approved Tuesday by the House, which moved to insulate the state from a potentially budget-busting court decision.

On lawmakers’ first day of a four-week session before the November election, the House voted 100-10 to send the legislation to the Senate, whose Republican leader vowed final approval by the end of September.

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