Miller votes against repealing insurance company tax credit

State Rep. Aaron Miller has called on the Legislature to put the brakes on repealing an $80 million car-insurance-industry tax credit until reform takes place to lower insurance rates.
Miller last week voted against House Bills 5457 and 5458, which repeal an inadvertent tax credit given to insurance companies in legislation signed into law in 2012.
Miller said he wants the Legislature to find a solution for reducing car insurance rates in Michigan instead of addressing just one component of the issue.
The two bills passed by the House are headed to the Senate and are a key element of eliminating a budget shortfall for the current fiscal year brought on by lower-than-anticipated state revenue.
Miller said he hopes to work with the Senate to include significant auto insurance reforms as the legislation moves through that chamber.