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MI HB4124

Bill

Official Source

Status

Introduced

1/29/2015

Primary Sponsor

Jim Townsend

Click for details

Origin

House of Representatives

98th Legislature

AI Summary

HB 4124 Summary

  • Allows a surviving spouse who filed a joint return in the past and has not remarried during the tax year to apply the same retirement income deduction limitations that applied in the year of their spouse's death, rather than being subject to single filer limitations.

  • Clarifies language regarding individuals receiving retirement or pension benefits by changing "that" to "who" in provisions governing deductions for persons born between 1946-1952 and those born after 1952.

  • Makes technical corrections to existing provisions governing deductions for retirement and pension benefits, including benefits from federal public retirement systems, other state retirement systems, and social security benefits.

Legislative Description

Individual income tax; retirement or pension benefits; limitations and restrictions on retirement income deduction for a surviving spouse; clarify. Amends sec. 30 of 1967 PA 281 (MCL 206.30).

Individual income tax: income

Last Action

Referred To Second Reading

6/3/2015

Committee Referrals

Tax Policy1/29/2015

Full Bill Text

No bill text available