Search

1 to 10 of 641 results

Filtered by

  • “increase”
  • Taxes

2023 House Bill 5048

Taxation: hotel-motel; local units to levy a hotel tax; allow and increase rate allowed to be levied by counties.

2023 House Bill 4724

Individual income tax: property tax credit; credit for disabled veterans or widow or widower of disabled veterans who rent or lease a homestead; increase.

2023 Senate Bill 144

Individual income tax: credit; earned income tax credit; increase.

Mackinac Center Analysis

Increases a refundable tax credit based on income and dependents. Note: An increase in the EITC had already passed but lacked the immediate effect necessary to allow claimants to receive payments in the current fiscal year.

2023 House Bill 4338

Property tax: personal property; small business personal property tax exemption; modify.

Mackinac Center Analysis

Increases the exemption of a business’s personal property from property taxes to $360,000 from the current $100,000 exemption. Businesses are subject to property taxes based not just on the value of their land and buildings, but on the value of their inventory, supplies and equipment.

2023 House Bill 4001 / Public Act 4

Individual income tax: retirement or pension benefits; limitations and restrictions on deductions of certain retirement or pension benefits, revenue distributions, earned income tax credit, rebate payments, rebate and revitalization and placemaking funds; revise, increase, and provide for.

Mackinac Center Analysis

Phases in exemptions for pension income but not other sources of retirement income; increase a refundable tax credit based on income and dependents; and earmark money from the Corporate Income Tax to selective business subsidy programs.
  • Introduced by Rep. Angela Witwer (D-76) on Jan. 12, 2023
  • Passed 67 to 41 in the House on Jan. 26, 2023
  • Substitute concurred in by the Senate on Feb. 1, 2023
  • Passed 20 to 18 in the Senate on Feb. 1, 2023
  • Substitute not concurred in by the House on Feb. 1, 2023
  • Conference report adopted by the House on Feb. 9, 2023
  • Conference report adopted by the Senate on Feb. 16, 2023
  • Signed by Gov. Gretchen Whitmer on March 7, 2023

2023 Senate Bill 51

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.

Mackinac Center Analysis

Lowers the income tax rate from 4.25% to 4.1%, exempt pensions and increase the amount that pensions are exempt, increase exemptions for each person in a household, increase deaf person and veteran exemptions, and increase the amount that seniors can exempt from income taxes each year to the rate of inflation.

2023 Senate Bill 1

Individual income tax: retirement or pension benefits; limitations and restrictions on deductions of certain retirement or pension benefits and revenue distribution to state school aid fund; revise.

Mackinac Center Analysis

Phases in an exemption for pension income from state income taxes. Upon Senate passage: Exempts $56,961 of pension, social security or other annuity income from state income taxes for single filers and twice as much for joint filers. Increase the amount of income taxes earmarked to school purposes.

2023 Senate Bill 3

Individual income tax: credit; earned income tax credit; increase.

Mackinac Center Analysis

Increases a refundable tax credit based on income and dependents.

2023 House Bill 4002

Individual income tax: credit; earned income tax credit; restore.

Mackinac Center Analysis

Increases a refundable tax credit based on income and dependents.

2023 House Bill 4009

Individual income tax: credit; earned income tax credit; restore.

Mackinac Center Analysis

Increases a refundable tax credit based on income and dependents.