Introduced
by
To increase the personal exemption allowed under the Michigan state income tax, so as to offset exemption and standard deduction changes in the recently enacted federal tax reform law that reportedly could interact with Michigan law in a way that may causes many to owe to the state. The bill would immediately increase the state exemption to $4,200 and then gradually raise it to $4,500 by 2021. See also Senate Bill 748.
Referred to the Committee on Tax Policy
