2009 House Bill 5455

Establish permanent estate tax

Introduced in the House

Sept. 23, 2009

Introduced by Rep. Fred Miller (D-31)

To eliminate the link between the Michigan estate tax and the federal estate tax levied on a person’s assets upon death, which would establish a permanent Michigan estate tax on estates of $2 million or more. Assets attributable to family owned businesses, including farms, would be excluded from taxation. Past House Fiscal Agency summaries of previous bills reported that the effective state tax rate would be 5.3 percent, on top of any federal estate tax.

Referred to the Committee on Tax Policy