2012 Senate Bill 1152

Increase income tax personal exemption

Introduced in the Senate

May 30, 2012

Introduced by Sen. Gretchen Whitmer (D-23)

To increase the state income tax personal exemption from $3,700 to $4,300, and repeal the means-tested phase-out of this exemption that was enacted as part of the law <a href="http://www.michiganvotes.org/2011-HB-4361">repealing the Michigan Business Tax</a> and limiting a personal income tax exemption for some pension income.

Referred to the Committee on Finance