MI SB0051 | 2023-2024 | 102nd Legislature
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 1 2023 - 25% progression
Action: 2023-02-01 - Referred To Committee On Finance, Insurance, And Consumer Protection
Pending: Senate Finance, Insurance, And Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 1 2023 - 25% progression
Action: 2023-02-01 - Referred To Committee On Finance, Insurance, And Consumer Protection
Pending: Senate Finance, Insurance, And Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Individual income tax: exemptions; increasing personal exemption, reducing income tax rate, lowering age for unrestricted deduction, and increasing deduction for certain retirement or pension benefits; provide for. Amends secs. 30 & 51 of 1967 PA 281 (MCL 206.30 & 206.51).
Title
Individual income tax: exemptions; increasing personal exemption, reducing income tax rate, lowering age for unrestricted deduction, and increasing deduction for certain retirement or pension benefits; provide for. Amends secs. 30 & 51 of 1967 PA 281 (MCL 206.30 & 206.51).
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-01 | Senate | Referred To Committee On Finance, Insurance, And Consumer Protection |
| 2023-02-01 | Senate | Introduced By Senator Thomas Albert |
Subjects
Individual income tax: exemptions
Individual income tax: rate
Individual income tax: retirement or pension benefits
Individual income tax: rate
Individual income tax: retirement or pension benefits
Michigan State Sources
| Type | Source |
|---|---|
| Summary | https://legislature.mi.gov/Bills/Bill?ObjectName=2023-SB-0051 |
| Text | https://legislature.mi.gov/documents/2023-2024/billintroduced/Senate/htm/2023-SIB-0051.htm |
