MI SB0814

Adds a new deduction for unemployment benefits received in tax years beginning after December 31, 2013, to the extent included in adjusted gross income.

Defines "unemployment benefits" as benefits received under a state or federal unemployment benefit program.

Makes technical corrections to existing language in section 30, including changing "beginning" to "Beginning" and "that" to "who" in various subsections related to retirement benefits and deductions.

Preserves all existing income tax deductions and exemptions for retirement benefits, armed forces compensation, education savings accounts, and other specified items.