A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending sections 623 and 695 (MCL 206.623 and 206.695), section 623 as amended by 2021 PA 135 and section 695 as amended by 2025 PA 24.
Increases Michigan's corporate income tax rate to 10% starting October 2026 and reallocates tax revenues to prioritize funding for affordable housing, neighborhood roads, and public education.
Co-sponsored by Reps.
Referred to the Committee on Economic Competitiveness