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Legislation watch

2012 House Bill 5699: Cut state income tax

Public Act 223 of 2012

Introduced by Rep. Edward McBroom (R) on May 29, 2012 To speed up an income tax cut from 4.35 percent to 4.25 percent that under current law will happen on Jan, 1, 2013. Under the bill, it would go into effect on Oct. 1, 2012. See also House Bill 5700, which increases the personal income tax exemption.   Official Text and Analysis.
Referred to the House Tax Policy Committee on May 29, 2012
Reported in the House on May 30, 2012 Without amendment and with the recommendation that the bill pass.
Amendment offered by Rep. Phil Cavanagh (D) on June 5, 2012 To tie-bar the bill to House Bill 5407, meaning this bill cannot become law unless that one does also. HB 5407 would increase the state Earned Income Tax Credit, a “refundable” tax credit (or “reverse income tax”) for low income workers.
The amendment failed by voice vote in the House on June 5, 2012
Amendment offered by Rep. Tim Greimel (D) on June 5, 2012 To lower the state income tax to 3.9 percent.
The amendment failed by voice vote in the House on June 5, 2012
Passed 103 to 5 in the House on June 6, 2012 (same description)
To speed up an income tax cut from 4.35 percent to 4.25 percent that under current law will happen on Jan, 1, 2013. Under the bill, it would go into effect on Oct. 1, 2012. See also House Bill 5700, which increases the personal income tax exemption.
Motion by Rep. Jim Stamas (R) on June 6, 2012 To give immediate effect.
The motion passed 99 to 9 in the House on June 6, 2012 To give the bill immediate effect.
Received in the Senate on June 7, 2012
Referred to the Senate Finance Committee on June 7, 2012
Reported in the Senate on June 14, 2012 With the recommendation that the bill pass.
Amendment offered by Sen. Bert Johnson (D) on June 14, 2012 To cut the income tax rate to zero.
The amendment failed 16 to 21 in the Senate on June 14, 2012
Passed 31 to 7 in the Senate on June 14, 2012 (same description)
To speed up an income tax cut from 4.35 percent to 4.25 percent that under current law will happen on Jan, 1, 2013. Under the bill, it would go into effect on Oct. 1, 2012. See also House Bill 5700, which increases the personal income tax exemption.
Signed by Gov. Rick Snyder on June 27, 2012

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