Bill
SB 1
Individual income tax: retirement or pension benefits; limitations and restrictions on deductions of certain retirement or pension benefits and revenue distribution to state school aid fund; revise. Amends secs. 30 & 51 of 1967 PA 281 (MCL 206.30 & 206.51).
2023-2024 Regular Session
Introduced by Sarah Anthony and 19 co-sponsors
Michigan bill adjusts retirement income tax deductions and directs resulting revenue increases to school funding, potentially raising taxes on some retirees' benefits.
referred to Committee on Tax Policy
#individualincometax:retirementorpensionbenefits
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#individualincometax:schoolaid