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MI HB5888
Bill
Status
9/15/2016
Primary Sponsor
Martin Howrylak
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AI Summary
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Amends section 30a of the Michigan Income Tax Act of 1967 to modify personal exemption deductions for state income tax purposes
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Establishes personal exemption deduction amounts that taxpayers may claim, whichever is greater: the amount calculated under existing section 30(2) or specified fixed amounts per exemption
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Sets personal exemption deduction at $3,950 per exemption for October 1, 2012 through December 31, 2013
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Changes personal exemption deduction to $4,000 per exemption beginning January 1, 2014 through December 31, 2016
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Increases personal exemption deduction to $4,400 per exemption beginning January 1, 2017 and for all subsequent tax years
Legislative Description
Individual income tax; exemptions; personal exemption; increase. Amends sec. 30a of 1967 PA 281 (MCL 206.30a).
Individual income tax: exemptions
Last Action
Bill Electronically Reproduced 09/15/2016
9/20/2016