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MI SB1000
Bill
AI Summary
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Updates the definition of "Internal Revenue Code" in Michigan's ABLE (Achieving a Better Life Experience) program from January 1, 2015 to January 1, 2024, or allows taxpayers to use the current year version.
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Replaces gender-specific pronoun "he or she" with gender-neutral language "that eligible individual" in the definition of "designated beneficiary."
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Corrects the reference to Michigan's Income Tax Act of 1967 by updating the citation from MCL 206.1 to 206.713 to MCL 206.1 to 206.847.
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Makes conforming technical updates to Section 2 (MCL 206.982) of the Michigan ABLE program act to reflect current federal tax law provisions.
Legislative Description
Individual income tax: other; definition of internal revenue code under the MiABLE program; update. Amends sec. 2 of 2015 PA 160 (MCL 206.982).
Individual income tax: other
Last Action
Referred To Committee On Families, Children And Seniors
11/7/2024