A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 684.
House Bill No. 4603 would impose a progressive tax surcharge on Michigan businesses with high executive-to-median worker pay ratios, as disclosed under federal SEC rules, starting in tax year 2025.
Co-sponsored by Reps.
Referred to the Committee on Economic Competitiveness
