Loading chat...
MI HB4575
Bill
Status
5/16/2023
Primary Sponsor
Helena Scott
Click for details
AI Summary
-
Adds new deduction for "family leave optimal coverage benefits" received in tax years beginning on and after January 1, 2024, to the extent included in adjusted gross income under the family leave optimal coverage act.
-
Defines "family leave optimal coverage benefits" by reference to section 3 of the family leave optimal coverage act.
-
Takes effect January 1, 2024, contingent on enactment of Senate Bill No. ____ or House Bill No. 4574 (tie-bar provision).
-
Amends the Income Tax Act of 1967 by modifying Section 30, which establishes the calculation of taxable income and allowable deductions for individuals.
Legislative Description
Individual income tax: deductions; deduction for family leave optimal coverage benefits; provide for. Amends sec. 30 of 1967 PA 281 (MCL 206.30). TIE BAR WITH: HB 4574'23
Individual income tax: deductions
Last Action
Bill Electronically Reproduced 05/16/2023
5/17/2023