(Lansing, MI)  --  New tax structures for income and business taxes have cleared the state House Tax Policy Committee. The bills get rid of the Michigan Business Tax, replacing it with a flat six-percent corporate income tax rate. The income tax changes allow for the state to start taxing the pensions of retirees between the ages of 60 and 66. Lawmakers have approved keeping current business tax credits in place for the duration of their agreements, but no more will be awarded after this year.