MI HB5633

Requires the Department of Treasury, beginning with the 2024 tax year, to provide a single-page revenue report by mail to each individual income tax filer in Michigan.

Report must show total individual income tax revenues collected from wage and salary withholdings, quarterly payments, flow-through entity tax, and annual payments, with each expressed as a percentage of gross revenue.

Report must include total amount of refunds issued during the most recently completed state fiscal year.

Report must display total distributions of individual income tax revenue to the General Fund, School Aid Fund, Michigan Transportation Fund, Renew Michigan Fund, and State Campaign Fund.