On Heels of Federal Tax Reform, Tax Cut Fever Sets Hits State Lawmakers

January 21, 2018

Discussions about making simple technical changes to the State’s income tax to conform with recent federal changes quickly turned into action by state some state lawmakers to provide Michigan taxpayers with significant tax cuts. 

Below is a list of bills recently introduced to provide Michigan taxpayers some personal income tax relief:

SB 748 (Brandenburg) – Increases personal exemption to $5,000

SB 749 (O’Brien) – Mirrors the federal dependent care credit here on the state level

SB 750 (Knollenburg) – Technical changes to continue personal exemptions in the City Income Tax Act

HB 5420 (Hauck) – Increases personal exemption to $4,800

HB 5421 (Noble) - Technical changes to continue personal exemptions in the City Income Tax Act

HB 5422 (Tedder) – Creates a $100/$200 (filing single/filing joint) credit for those over the age of 62.

For more information. contact Dan Papineau at dpapineau@michamber.com.