A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 30 (MCL 206.30), as amended by 2023 PA 4.
House Bill No. 4747 updates Michigan's income tax law to expand and clarify deductions for retirement, education, and disability-related savings—including out-of-state 529 and ABLE plans—while maintaining targeted support for seniors, veterans, and other key groups, with phased implementation through 2026.
Introduced
by
Referred to the Committee on Finance
Reported without amendment
1. Amend page 8, line 18, after “not” by inserting “prohibited under section 2 of article VIII of the state constitution of 1963 or”.
2. Amend page 9, line 11, after “was” by inserting “in violation of section 2 of article VIII of the state constitution of 1963 or”.
The amendment failed by voice vote
1. Amend page 24, following line 18, by inserting:
“(12) In addition to the money deposited in the state school aid fund under section 51, from the
revenue collected under this part, an amount equal to the sum of the revenue lost to the state school aid fund as a result of the exclusions under section 1(1)(d)(xvi) of the general sales tax act, 1933 PA 167, MCL 205.75, and section 2(1)(f)(xvi) of the use tax act, 1937 PA 94, MCL 205.111, must
be deposited into the state school aid fund.” and renumbering the remaining subsection.
2. Amend page 24, following line 23, by inserting:
“(c) “State school aid fund” means the state school aid fund established in section 11 of article IX of the state constitution of 1963.” and relettering the remaining subdivision.
The amendment failed by voice vote
Substitute H-1 offered
by
The substitute passed by voice vote
Passed in the House 72 to 32 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
