(AP) -- Highlights of Republican Gov. Rick Snyder's State of the State address, delivered Wednesday night at the Capitol in Lansing:
BUDGET and TAXES:
— Proposed eliminating the Michigan Business Tax and replacing it with a 6 percent corporate net income tax.
— Announced two-year budget plan will be presented in mid-February.
— Asked Legislature to complete the budget process by May 31st.
ECONOMIC DEVELOPMENT:
— Announced new executive group focused on economic growth, made up of the Michigan Economic Development Corp., the Department of Transportation, the Michigan State Housing Development Authority and the Department of Energy, Labor and Economic Growth.
— Announced the reorganization of the MEDC to eliminate overlap with regional economic groups.
— Proposed eliminating antiquated laws that he says hurt business, including the item pricing law that requires putting a price tag on every item.
— Proposed lifting restrictions on the 21st Century Jobs Fund so more types of businesses, including agriculture and information technology, can be supported by it.
ACCOUNTABILITY:
— Unveiled the "Michigan Dashboard" to measure Michigan's progress in five key areas: economic growth, health and education, value for government, quality of life, and public safety. It's available at http://www.Michigan.gov/MiDashboard.
EDUCATION:
— Announced that a special message on education will be presented to the Legislature in April.
—Called for viewing the educational system as starting with preschool and going through college, not just kindergarten through 12th grade.
TRANSPORTATION:
— Asked lawmakers to approve the Detroit International River Crossing project and announced he secured an agreement from the Federal Highway Administration to allow the state to count $550 million that Canada has offered for the project toward Michigan's match for federal road funds.
STATE PROMOTION:
— Promised to fund the Pure Michigan tourism advertising campaign at an annual rate of $25 million.
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