Bill
HB 4513
Individual income tax: deductions; deduction for income attributable to bitcoin mining under the bitcoin program; provide for. Amends secs. 30, 623 & 815 of 1967 PA 281 (MCL 206.30 et seq.). TIE BAR WITH: HB 4512'25
2025-2026 Regular Session
Introduced by Will Bruck and 6 co-sponsors
Michigan bill creates state income tax deduction for bitcoin mining income to attract cryptocurrency operations while reducing state tax revenue from miners.
re-referred to Committee on Communications and Technology
#corporateincometax:businessincome
#corporateincometax:flow-throughentities
#individualincometax:deductions
#individualincometax:flow-throughentities
#individualincometax:income