2023 House Bill 4008

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

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 30 (MCL 206.30), as amended by 2022 PA 5.

Mackinac Center Analysis

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

Introduced in the House

Jan. 12, 2023

Introduced by Rep. Andrew Beeler (R-64)

Referred to the Committee on Government Operations