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MI HB4019

Bill

Official Source

Status

Introduced

1/22/2025

Primary Sponsor

Matthew Bierlein

Click for details

Origin

House of Representatives

103rd Legislature

AI Summary

  • Requires the Michigan Department of Treasury, working with the State Budget Office, to mail a one-page revenue report annually to each individual income tax filer beginning with tax year 2025

  • Report must include total revenues collected from wage and salary withholdings, quarterly payments, flow-through entity tax, and annual payments, along with each category's percentage of gross revenue

  • Report must disclose the total amount of tax refunds issued during the most recently completed state fiscal year

  • Report must show how income tax revenue was distributed among the General Fund, School Aid Fund, Michigan Transportation Fund, Renew Michigan Fund, and State Campaign Fund

Legislative Description

Individual income tax: reporting; annual revenue report to individual income tax filers; require. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 471a.

State agencies (existing): treasury

Last Action

Bill Electronically Reproduced 01/22/2025

1/23/2025

Committee Referrals

Finance1/22/2025

Full Bill Text

No bill text available