Organ Donor Tax Credit Signed

Organ Donor Tax Credit Signed

Legislation providing a one-time credit for live organ donors was signed into law by Governor Gretchen Whitmer this week. Key Points: House Bill 4361 was introduced by Representative Felicia Brabec (D-Pittsfield Twp.). It provides a one-time tax credit of up to...
September Revenue Up

September Revenue Up

Last month, major taxes and net lottery revenue came in at $3.7 billion, an increase of 1.7% from September 2023. Additionally, total collections were $106.1 million more than prior estimates, according to the monthly report by the Senate Fiscal Agency. Key Points:...
Five Things We’re Reading

Five Things We’re Reading

Below are some articles the MLC lobby team has been reading this past week. We hope you find them as interesting and useful as we do. Sobering New Polls for Harris – Recent polling data came as a surprise to those behind the poll. What information can we learn about...
July Revenue Increases from Prior Year

July Revenue Increases from Prior Year

Total cash collections from major taxes, penalties and interest, and lottery transfers increased last month from the prior year, totaling $2,962.6 million. However, year-to-date, collections for the current year are down 2.4% from the prior fiscal year, according to...
June Tax Collections Above Estimates

June Tax Collections Above Estimates

June 2024 major taxes and net lottery revenue totaled $3.0 billion, which was $100.5 million more than previous projections. This is attributable to greater-than-expected payments from the Michigan Business Tax, and the Flow-Through Entity Tax, among other higher...