by Liz Gullett | Aug 16, 2024 | Liz Gullett
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...
by Liz Gullett | Jul 12, 2024 | Liz Gullett
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...
by Liz Gullett | Jun 14, 2024 | Liz Gullett
Representative Donni Steele (R-Orion) introduced legislation she believes will help combat the high cost of living residents are experiencing. Key Points: House Bills 5811 – 5814 eliminates the Real Estate Transfer (RET) Tax. Currently, the state taxes $3.75 of every...
by Liz Gullett | Jun 7, 2024 | Liz Gullett
Legislation aimed at encouraging employers to hire workers facing significant barriers to employment was recently introduced. Key Points: House Bills 5771 and 5772 were sponsored by Representative Jason Hoskins (D-Southfield) and Representative Matt Bierlein...
by Liz Gullett | Apr 26, 2024 | Liz Gullett
Bipartisan legislation creating a tax credit for qualified productions in Michigan was reported by the House Economic and Small Business Committee this week. “These pro-job bills are designed to diversify our state economy by investing in our workforce and help us...
