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Bill > HB4019
MI HB4019
MI HB4019Individual 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.
summary
Introduced
01/22/2025
01/22/2025
In Committee
01/22/2025
01/22/2025
Crossed Over
Passed
Dead
Introduced Session
103rd 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 471a.
AI Summary
This bill requires the Michigan Department of Treasury to send a single-page revenue report to each individual income tax filer, starting in the 2025 tax year. The report, prepared in cooperation with the state budget office, will provide a breakdown of income tax revenue collection and distribution for the most recently completed state fiscal year. Specifically, the report must include: the total revenues collected from different sources (such as wage withholdings, quarterly payments, flow-through entity tax, and annual payments), showing each source as a percentage of total revenue; the total amount of tax refunds issued; and detailed distributions to various state funds, including the general fund, school aid fund, Michigan transportation fund, Renew Michigan fund, and state campaign fund. This transparency measure aims to give taxpayers a clear, concise overview of how their income tax dollars are collected and allocated across different state purposes and funds.
Committee Categories
Budget and Finance
Sponsors (8)
Matthew Bierlein (R)*,
Greg Alexander (R),
Cam Cavitt (R),
Tim Kelly (R),
Tom Kunse (R),
Matt Maddock (R),
Rachelle Smit (R),
Jason Woolford (R),
Last Action
House Finance (10:30:00 3/4/2025 Room 521, House Office Building) (on 03/04/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4019 |
| Fiscal Note/Analysis - House: Summary as Introduced | https://legislature.mi.gov/documents/2025-2026/billanalysis/House/pdf/2025-HLA-4019-VZC0Q26S.pdf |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2025-HIB-4019.htm |
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