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 Bills 5129-5131 update Michigan’s tax laws by expanding sales and use tax exemptions to include specified forms of gold, silver, and platinum used as currency, and by revising income tax deductions and exemptions—such as for investment bullion, retirement income, and savings programs—all effective January 1, 2026, and contingent on related legislation.
Co-sponsored by Reps.
Referred to the Committee on Finance
