MI HB5749

Adds a new tax deduction for the 2020 tax year only allowing qualified first responders to deduct up to $50,000 ($100,000 for joint returns) of income earned between February 15, 2020 and June 15, 2020, or a later date approved by concurrent legislative resolution.

Defines "qualified first responder" as physicians, nurses, pharmacists, law enforcement officers, corrections officers, firefighters, emergency medical services personnel, and Michigan National Guard members who provide services in counties with confirmed COVID-19 cases.

Removes the definition of "senior citizen" from subsections (f)(iv) and (p) and relocates it to subsection (10)(b), consolidating the definition in one location within section 30.

Updates subsection (10) to reorganize and renumber definitions for "oil and gas," "senior citizen," and "United States Consumer Price Index."