01/11/2012 08:44 am ET

Business Taxes Again On Mich. Lawmakers' Agenda

Fresh off lowering Michigan's overall business taxes in a bid to boost economic growth, Republicans will aim to eliminate or phase out a state tax paid on business equipment in 2012.

Lawmakers are scheduled to return to the state Capitol on Wednesday to start the final year of a two-year legislative cycle. No voting is expected Wednesday, but Republicans this year plan to build on legislation passed in 2011 that changed Michigan's tax code and aimed to reduce some of the state's long-term financial obligations.

Read more on Associated Press