A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 30 (MCL 206.30), as amended by 2023 PA 4.
The bill amends the Income Tax Act of 1967 to introduce various adjustments to taxable income, including new deductions for net capital gains from investment coins and bullion, and updates to personal exemptions and retirement benefit deductions, with phased implementation starting January 1, 2024.
Introduced
by
Referred to the Committee on Government Operations
