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HB 6105

Corporate income tax: rate; increasing of rate and revising the distribution of revenue collected; provide for. Amends secs. 623 & 695 of 1967 PA 281 (MCL 206.623 & 206.695).

2023-2024 Regular Session Introduced by Emily Dievendorf and 1 co-sponsor

Michigan bill raising corporate income tax rate and restructuring revenue distribution among state programs and funds.

bill electronically reproduced 11/13/2024
#corporateincometax:rate #corporateincometax:revenuedistribution #schoolaid:other
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Bill Summary · HB 6105

Legislative bill overview

HB 6105 would increase Michigan's corporate income tax rate and modify how the resulting tax revenue is distributed among state programs and funds. The bill amends existing tax code sections governing corporate tax rates and revenue allocation mechanisms.

Why is this important

Corporate income tax changes directly affect business operating costs and state budget capacity. How revenue is distributed determines funding priorities for education, infrastructure, public services, and other state programs, making this a significant fiscal policy decision.

Potential points of contention

  • Business competitiveness: Higher corporate taxes could affect Michigan's ability to attract and retain businesses compared to neighboring states with lower rates
  • Revenue allocation disputes: Different stakeholder groups (education advocates, infrastructure supporters, fiscal conservatives) will likely compete over how increased revenue should be distributed
  • Economic impact uncertainty: Opponents may argue tax increases reduce business investment and job growth; supporters may counter the revenue supports essential services that benefit economic health

Compiled from official sources — confirm details with the bill’s official record.

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