MI HB5685

Changes language in the personal exemption section from "dependency exemptions allowable" to "dependent exemptions claimed" on the taxpayer's income tax return.

Modifies the definition of "dependent" used in subsections (2) and (3) to reference section 30e, which would establish fetal personhood for tax deduction purposes.

Eliminates oil and gas income and expenses from taxable income adjustments for tax years beginning after December 31, 2011.

Requires enactment of House Bill 5684 as a condition for this bill to take effect (tie-bar provision).