Search

1 to 10 of 715 results

Filtered by

  • “pension”

2023 House Bill 4791

Family law: marriage and divorce; certain references in judgments of divorce; make gender neutral.

2023 House Bill 4578

Individual income tax: retirement or pension benefits; department of corrections retirement and pension benefits; exempt from income taxes.

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 House Bill 4008

Individual income tax: retirement or pension benefits; 3-tier limitations and restrictions on deduction for retirement or pension benefits; modify.

Mackinac Center Analysis

Annually increases the amount that people aged 67 and over can exempt from state income taxes by the rate of inflation.

2021 House Bill 4733

Allow state employees to use retirement account contributions to purchase annuity

2021 House Bill 4266

Revise state pension calculations

2021 House Bill 4265

Revise state pension calculations

2021 House Bill 4264

Revise state pension calculations