MI SB1195

Adds a new deduction for qualified taxpayers who are commercial motor vehicle drivers employed in Michigan, allowing 100% deduction of wages for the first 3 years of employment and 50% deduction for years 4-6.

Defines "qualified taxpayer" as a Michigan resident who obtained a commercial driver license after the bill's effective date and is employed by an in-state employer as a commercial motor vehicle driver.

Requires the Department of Treasury to verify that taxpayers hold a valid Michigan commercial driver license and are employed as commercial motor vehicle drivers by in-state employers.

References the Michigan Vehicle Code definitions for "commercial motor vehicle" and "commercial motor vehicle driver" to establish eligibility criteria.

Effective for tax years beginning on and after January 1, 2023.