Bill
SB 584
Individual income tax: withholding requirements; mandatory withholding requirement by pension administrators; make optional. Amends sec. 703 of 1967 PA 281 (MCL 206.703).
2025-2026 Regular Session
Introduced by Mary Cavanagh and 1 co-sponsor
SB 584 makes Michigan tax withholding on pension/annuity payments optional for payors, shifting liability to recipients and possibly lowering automatic state tax receipts.
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION