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SB 555

Individual income tax: revenue distributions; earmark for MiAble fund; provide for. Amends sec. 51 of 1967 PA 281 (MCL 206.51). TIE BAR WITH: SB 556'25

2025-2026 Regular Session Introduced by Mark Huizenga and 1 co-sponsor

Michigan bill dedicates individual income tax revenue to MiAble disability savings accounts, allowing people with disabilities to save without losing benefit eligibility.

REFERRED TO COMMITTEE ON HOUSING AND HUMAN SERVICES
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Bill Summary · SB 555

Legislative bill overview

SB 555 amends Michigan's income tax distribution statute to earmark a portion of individual income tax revenue specifically for the MiAble fund, which provides tax-advantaged savings accounts for individuals with disabilities. The bill is tied to SB 556, indicating the two measures work together as part of a coordinated legislative package.

Why is this important

The MiAble program allows people with disabilities to save money without losing eligibility for means-tested benefits like Medicaid and SSI, addressing a significant financial barrier. By dedicating state tax revenue to this fund, the bill could expand access to disability savings accounts and improve financial security for a vulnerable population.

Potential points of contention

  • Budget impact: Earmarking tax revenue reduces general fund flexibility and may limit funding available for other state priorities during budget negotiations
  • Program scope and effectiveness: Questions about whether dedicated funding adequately serves demand, how funds are distributed, and measurable outcomes for beneficiaries
  • Tie-bar dependency: The bill's effectiveness depends on SB 556's passage, creating legislative complexity and potential for one measure to block the other

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

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