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Temporary Income Tax Rate Reduction Announced

Temporary Income Tax Rate Reduction Announced

by curtis@digitalliance.com | Apr 1, 2023 | Liz Gullett

Driven by low unemployment, strong business growth, and an overall strong economy, Michigan’s income tax rate will decrease to its lowest level since 2007. In 2015, Michigan enacted a law requiring a temporary reduction of the state income tax if the general fund...
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