MI HB5099

Adds a new deduction for overtime compensation required to be paid by employers under the Improved Workforce Opportunity Wage Act, effective for tax years beginning January 1, 2020.

Modifies withholding requirements to allow employers to deduct overtime compensation from compensation subject to withholding beginning January 1, 2020.

Clarifies the definition of "senior citizen" in the income tax code by consolidating it into a definitions section rather than repeating it multiple times.

Expands the definitions section (MCL 206.701) to include "overtime compensation" and adds a new definition referencing the 2018 PA 337 wage act.

Makes technical corrections to references in the statute, including correcting a citation from "chapter 532" to "chapter 531" of the federal Social Security Act.