Bill Text: MI HR0034 | 2021-2022 | 101st Legislature | Introduced
Bill Title: A resolution to memorialize the Congress of the United States to exempt unemployment income from taxable income for the 2020 tax year.
Spectrum: Slight Partisan Bill (Republican 5-3)
Status: (Introduced - Dead) 2021-02-11 - Referred To Committee On Tax Policy [HR0034 Detail]
Download: Michigan-2021-HR0034-Introduced.html
house Resolution No.34
Reps. Martin, Bezotte, Filler and Beson offered the following resolution:
Whereas, The COVID-19 Pandemic and efforts to mitigate the virus’ spread have led to the most significant economic downturn since the Great Depression. In order to contain the virus, non-essential businesses have been forced to close or reduce operations for prolonged periods; and
Whereas, The economic downturn has led to an unprecedented surge in unemployment claims. Nationally, tens of millions of Americans have filed for unemployment benefits. In Michigan alone, more than 3 million residents, or about 30 percent of the state’s population, have filed for benefits; and
Whereas, Unemployment benefits have been the only source of income for some residents and families. These benefits have provided critical support in keeping many Americans afloat during this crisis, but some people have still faced difficult choices. With benefits unable to cover all expenses, some have been forced to choose between paying for rent, utilities, or other necessities; and
Whereas, Unemployment benefits are considered taxable income and are subject to the federal income tax, which reduces the amount of benefits received. Reducing the amount of benefits through taxation during this period of increased reliance on unemployment income compounds the stress for those who are facing a prolonged period of reduced income and economic uncertainty; and
Whereas, Temporarily exempting unemployment income from taxable income would provide a significant financial lifeline to Michigan residents and Americans throughout the country. It would provide additional flexibility to afford necessities. For those who are not struggling to pay for essential expenses, the move would provide more disposable income to support small businesses and stimulate the economy; now, therefore, be it
Resolved by the House of Representatives, That we memorialize the Congress of the United States to exempt unemployment income from taxable income for the 2020 tax year; and be it further
Resolved, That copies of this resolution be transmitted to the Speaker of the United States House of Representatives, the President of the United States Senate, and the members of the Michigan congressional delegation.
