A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 51 (MCL 206.51), as amended by 2023 PA 4.
The bill amends the Income Tax Act to adjust individual tax rates, allocate specific tax revenues to state funds, and streamline tax computations, with significant changes effective from 2023 to 2026.
Co-sponsored by Sens.
Referred to the Committee on Finance, Insurance, and Consumer Protection
