A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 30 (MCL 206.30), as amended by 2025 PA 24, and by adding section 51i.
Amends Michigan's income tax law to increase various deduction limits, introduce a new tax-advantaged 'Trump Account' for children with state matching contributions, and appropriate $300 million over three years to support this new savings program, while updating tax calculations and maintaining inflation adjustments.
Introduced
by
Referred to the Committee on Finance, Insurance, and Consumer Protection
