Introduced
by
To no longer exempt city library employee pension income from the state income tax, as proposed by Gov. Rick Snyder as part of a plan to reduce the state business tax. Under current l aw, government employee pensions are completely exempt, and private sector retiree pension is exempt up to $45,120 on a single return and $90,240 on joint returns.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 56 to 53 (details)
To no longer exempt city library employee pension income from the state income tax, as proposed by Gov. Rick Snyder as part of a plan to reduce the state business tax. Under current l aw, government employee pensions are completely exempt, and private sector retiree pension is exempt up to $45,120 on a single return and $90,240 on joint returns.
Referred to the Committee on Reforms, Restructuring, and Reinventing
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 19 to 19 (details)
To no longer exempt city library employee pension income from the state income tax, as proposed by Gov. Rick Snyder as part of a plan to reduce the state business tax. Under current l aw, government employee pensions are completely exempt, and private sector retiree pension is exempt up to $45,120 on a single return and $90,240 on joint returns.
