2012 House Bill 5700 / Public Act 224

Increase personal income tax exemption

Introduced in the House

May 29, 2012

Introduced by Rep. Holly Hughes (R-91)

To increase the personal income tax exemption from $3,700 to $3,950 on Oct. 1, 2012, and increase it to $4,000 on Jan. 1, 2014 (or more if there is high inflation).

Referred to the Committee on Tax Policy

May 30, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

June 5, 2012

Amendment offered by Rep. Jon Switalski (D-25)

To tie-bar the bill to House Bill 5640, meaning this bill cannot become law unless that one does also. HB 5640 would repeal the provision of Gov. Rick Snyder's tax reform and business tax cut that partially eliminated some of the state income tax exemptions for pension income.

The amendment failed by voice vote

Amendment offered by Rep. Mark Meadows (D-69)

To authorize an additional personal tax exemption for senior citizens.

The amendment failed by voice vote

June 6, 2012

Passed in the House 107 to 2 (details)

Motion

To give the bill immediate effect.

The motion passed 106 to 3 (details)

Received in the Senate

June 7, 2012

Referred to the Committee on Finance

June 14, 2012

Reported without amendment

With the recommendation that the bill pass.

Amendment offered

To "annualize" the proposed partial-year increase of the exemption.

The amendment passed by voice vote

Amendment offered by Sen. Coleman Young (D-1)

To increase the exemption to $4200 in 2013, and index it to inflation.

The amendment failed 18 to 20 (details)

Amendment offered by Sen. Coleman Young (D-1)

To tie-bar the bill to Senate Bill 519, meaning this bill cannot become law unless that one does also. SB 519 would repeal the provision of Gov. Rick Snyder's tax reform and business tax cut that partially eliminated some of the state income tax exemptions for pension income.

The amendment failed 18 to 20 (details)

Passed in the Senate 32 to 6 (details)

To increase the personal income tax exemption from $3,700 to $3,950 on Oct. 1, 2012, and increase it to $4,000 on Jan. 1, 2014.

Received in the House

June 14, 2012

Passed in the House 106 to 3 (details)

To concur with the Senate-passed version of the bill.

Signed by Gov. Rick Snyder

June 28, 2012