by Liz Gullett | Nov 7, 2025 | Liz Gullett
Legislation allowing individuals who invest in qualifying Michigan-based businesses to claim an income tax credit was reported by the House Finance Committee this week and referred to the House Rules Committee for consideration. Key Points: House Bill 4816 was...
by Liz Gullett | Oct 17, 2025 | Liz Gullett
Michigan’s major taxes and net lottery revenue totaled $3.8 billion last month, an increase of 0.6% from September 2024. Despite the slight year-over-year growth, collections were approximately $191.8 million less than May 2025 consensus revenue projections. Key...
by Liz Gullett | Oct 13, 2025 | Liz Gullett
Over the past week, we covered these topics on the MLC Blog… Governor Whitmer signed the state budget for the 2025-2026 Fiscal Year, including $29.8 billion to continue core Medicaid services, $1.8 billion to continue support for community and behavioral health...
by Liz Gullett | Oct 10, 2025 | Liz Gullett
Governor Whitmer signed legislation creating a 24% wholesale tax on marijuana. This was part of the overall budget negotiations this year and accounts for a portion of additional funding for roads and bridges. The new tax is in addition to the 10% excise tax and 6%...
by Liz Gullett | Aug 15, 2025 | Liz Gullett
The Senate Fiscal Agency released July’s revenue report, outlining collections and tax receipts for the month. Most notably, major taxes and net lotter revenue declined 1.6% from July 2024, totaling $2.9 billion. Additionally, that number was around $130.3 million...
