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 adjust taxable income definitions, introduce new deductions for tipped employees, and phase in retirement benefit deductions by 2026, while modifying existing laws and setting specific timelines for implementation.
Co-sponsored by Sens.
Referred to the Committee on Finance, Insurance, and Consumer Protection
