by Liz Gullett | Mar 7, 2025 | Liz Gullett
Legislation was introduced immediately reducing the state income tax rate to 4.05%, as of January 1, 2025. According to the bill sponsor, this will help address the rising costs that families are facing, including groceries, housing, and childcare. Key Points: House...
by Liz Gullett | Feb 24, 2025 | Liz Gullett
Over the past week, we covered these topics on the MLC Blog… Changes to Michigan’s minimum wage and Earned Sick Time Act were passed by the legislature and signed by Governor Whitmer. The Michigan Democratic Party and Michigan Republican Party were holding state...
by Liz Gullett | Feb 21, 2025 | Liz Gullett
Legislation exempting tips earned by hospitality workers from income taxes was introduced this week. Key Points: Senate Bill 91 was introduced by Senator John Damoose (R-Harbor Springs). The proposal largely mirrors federal proposals and would provide a 100% exemption...
by Liz Gullett | Jan 10, 2025 | Liz Gullett
Today, the directors of the House and Senate Fiscal Agencies, State Treasurer Rachael Eubanks, and State Budget Director Jen Flood came together to reach a consensus on projected state revenue for the upcoming fiscal year. At the biannual Consensus Revenue Estimating...
by Liz Gullett | Nov 22, 2024 | Liz Gullett
Revenue from major taxes and net lottery revenue totaled $4.1 billion in October, a 3.5% increase from the prior year. The collections were $7.1 million higher than prior projections. Key Points: General Fund tax collections were $16.7 million less than projected,...
