2015 Senate Bill 87

Exempt certain pension income from state income tax

Introduced in the Senate

Feb. 10, 2015

Introduced by Sen. Patrick Colbeck (R-7)

To repeal the provision of Gov. Rick Snyder's <a href="http://www.michiganvotes.org/2011-HB-4361">tax reform and business tax cut</a> that partially eliminated some of the state income tax exemptions for pension income, and capped the value of income tax credits granted for payment of “homestead” property taxes.

Referred to the Committee on Finance