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MI HB4235

MI HB4235
Individual income tax: credit; credit for the payment of qualified union dues paid to a labor organization; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 277.


summary

Introduced
03/09/2023
In Committee
03/09/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

102nd Legislature

Bill Summary

A bill to amend 1967 PA 281, entitled"Income tax act of 1967,"(MCL 206.1 to 206.847) by adding section 277.

AI Summary

This bill proposes to amend the Income Tax Act of 1967 by adding a new section that allows taxpayers to claim a credit against their state income tax for qualified union dues paid to a labor organization during the tax year. The credit is equal to the amount of qualified union dues paid, and if the credit exceeds the taxpayer's tax liability, the excess will be refunded. The bill defines key terms, including "bargaining representative," "labor organization," and "qualified union dues," to provide context for the new tax credit.

Committee Categories

Budget and Finance

Sponsors (34)

Last Action

Bill Electronically Reproduced 03/09/2023 (on 03/09/2023)

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