![]() ![]() If the sum of all the wages paid by the employer exceeds $85,000 for the calendar quarter, the tax is 1.17% of the amount of the wages that exceeds $85,000. If the sum of all taxable wages, after health care deductions, paid by the employer does not exceed $85,000 for the calendar quarter, the amount of tax is 0% of the sum of those wages. Additionally, the Tier 1 threshold is increased from $62,500 to $85,000. The changes under this bill extend the 0% rate on Tier 1 of the MBT to June 30, 2015. SB475 of the 2013 Legislative Session became effective July 1, 2013. The 2011 Legislative Session pursuant to AB 504, reduced the interest rate to 0.75% (or. This is the standard quarterly return for reporting the Modified Business Tax for General Businesses.
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