House Approves Income Tax Reduction

House Approves Income Tax Reduction

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...
House Approves Income Tax Reduction

Income Tax Reduction Moves

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...
Senate Democrats Unveil Proposal

Senate Democrats Unveil Proposal

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...
Last Week on the MLC Blog

Last Week on the MLC Blog

Over the past week, we covered these topics on the MLC Blog… Testimony was given in the House Finance Committee on legislation requiring that a detailed report be mailed annually to every taxpayer, outlining the state’s revenues and distribution. The House Energy...
Committee Considers Tax Report Proposal

Committee Considers Tax Report Proposal

Testimony was given in the House Finance Committee this week on legislation requiring that a detailed report be mailed annually to every taxpayer, outlining the state’s revenues and distribution. Key Points: House Bill 4019 was introduced by Representative Matt...