by Liz Gullett | Jun 13, 2025 | Liz Gullett
Major taxes and net lottery revenue in May 2025 totaled $2.6 billion, according to the monthly report by the Senate Fiscal Agency. While the total was a 1.5% decline from May 2024, last month’s revenue was about $42 million more than previous estimates. Highlights...
by Liz Gullett | Apr 18, 2025 | Liz Gullett
Major taxes and net lottery revenue totaled $2 billion last month, an increase of 28.6% from the prior year but $173.7 million less than previous estimates, according to the March 2025 revenue report by the Senate Fiscal Agency. Highlights: General Fund collections...
by Liz Gullett | Mar 21, 2025 | Liz Gullett
This week, the House of Representatives approved legislation reducing Michigan’s income tax rate from 4.25% to 4.05%, effective January 1, 2025. Key Points: House Bill 4170 was introduced by Representative Kathy Schmaltz (R-Jackson). According to the nonpartisan House...
by Liz Gullett | Mar 14, 2025 | Liz Gullett
The House Finance Committee reported legislation reducing the state income tax rate from 4.25% to 4.05%, effective January 1, 2025. Key Points: House Bill 4170 was introduced by Representative Kathy Schmaltz (R-Jackson). In 2015, legislation was signed into law by...
by Liz Gullett | Mar 14, 2025 | Liz Gullett
Members of the Senate Democratic caucus announced their proposal, aimed at “laying the foundation for a strong future for children and parents,” according to their press release. The proposal has a multi-angled approach: A $5,500 Working Parents Tax Credit for working...
