A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending sections 30, 623, and 815 (MCL 206.30, 206.623, and 206.815), section 30 as amended by 2023 PA 4 and section 623 as amended and section 815 as added by 2021 PA 135.
Senate Bill No. 209 amends the Income Tax Act of 1967 to adjust taxable income calculations, introduce deductions for broadband expansion grants, and modify retirement benefit treatments, effective retroactively from January 1, 2023.
Co-sponsored by Sens.
Referred to the Committee on Regulatory Affairs