2024 Senate Bill 950

Individual income tax: rate; repeal of the personal income tax; provide for.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by amending the title, as amended by 2023 PA 4, and by adding section 799; and to repeal acts and parts of acts.

Mackinac Center Analysis

SB 950 would repeal the Michigan personal income tax effective January 1, 2025.

Introduced in the Senate

June 26, 2024

Introduced by Sen. Jonathan Lindsey (R-17) and four co-sponsors

Co-sponsored by Sens. Joseph Bellino (R-16), Jim Runestad (R-23), John Damoose (R-37) and Kevin Daley (R-26)

Referred to the Committee on Finance, Insurance, and Consumer Protection