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MI HB4795
MI HB4795Individual income tax; deductions; deductions; federal deduction for certain outsourcing expenses; add back. Amends sec. 623 of 1967 PA 281 (MCL 206.623).
summary
Introduced
06/26/2019
06/26/2019
In Committee
06/26/2019
06/26/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
100th Legislature
Bill Summary
Individual income tax; deductions; deductions; federal deduction for certain outsourcing expenses; add back. Amends sec. 623 of 1967 PA 281 (MCL 206.623).
AI Summary
This bill amends Section 623 of the Income Tax Act of 1967 to add back certain federal deductions for outsourcing expenses. Specifically, the bill requires taxpayers to add back any "specified outsourcing expenses" paid or incurred for eliminating or relocating a trade or business that was previously located in Michigan. This is intended to eliminate the federal tax deduction for expenses related to outsourcing jobs and operations outside of the state.
Committee Categories
Budget and Finance
Sponsors (6)
Julie Brixie (D)*,
Tyrone Carter (D)*,
Kevin Coleman (D)*,
Mari Manoogian (D)*,
Kristy Pagan (D)*,
William Sowerby (D)*,
Last Action
Bill Electronically Reproduced 07/02/2019 (on 07/02/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://legislature.mi.gov/doc.aspx?2019-HB-4795 | 06/27/2019 |
| BillText | http://www.legislature.mi.gov/documents/2019-2020/billintroduced/House/htm/2019-HIB-4795.htm | 06/27/2019 |
| Bill | http://www.legislature.mi.gov/documents/2019-2020/billintroduced/House/pdf/2019-HIB-4795.pdf | 06/27/2019 |
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