CHICAGO -- Gov. John Engler of Michigan and legislative leaders announced an agreement yesterday on a solution to an adverse court decision on the capital acquisition deduction portion of the state's single business tax that would have cost the state $300 million this year.

In a joint statement, the governor, House Speaker Lewis Dodak, D-Montrose, and Senate Majority Leader dick Posthumus, R-Alto, said the agreement "resolves the one outstanding issue from the 1991 budget."

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