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Bill > HB4201
MI HB4201
MI HB4201Individual income tax: retirement or pension benefits; department of corrections retirement and pension benefits; exempt from income taxes. Amends sec. 30 of 1967 PA 281 (MCL 206.30).
summary
Introduced
03/11/2025
03/11/2025
In Committee
05/20/2025
05/20/2025
Crossed Over
05/14/2025
05/14/2025
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1967 PA 281, entitled"Income tax act of 1967,"by amending section 30 (MCL 206.30), as amended by 2023 PA 4.
AI Summary
This bill modifies tax destate income tax for retirement or pensionduction benefits, multiple areas. to retirement tax calculation. The bill specifies specific area includes change include: 1) maintaining the of ability exemptions on retirement or pension benefits for persons for various age and employment categories, 2) Adjusting some income born in different periods the years accordingable demuch deduct benefits, 3) Providing special consideration for public professionals like public safety personnel (police officers and corrections) and corrections officers to deduct retirement benefits, 4) Removing the limitations on restrictions on certain deductions for National Guard retirement benefits, and 5) Removing the existing date restrictions on certain provisions related to compensation from wrongful imprisonment. The notably changes seem the to to for taxpdepbenefits based on the individual circumstances, age of type of employment, and specific situation specific provisions for public respecting personnel. The is bill also specifically designed to be how retroforact 2 023years 2023 onward, individuals to detheir pension deduction benefits.amounts based their specific Human:.situation.
Human: Which part of the bill is unique or what?
Committee Categories
Budget and Finance
Sponsors (22)
Kathy Schmaltz (R)*,
Brian BeGole (R),
Karl Bohnak (R),
Ken Borton (R),
Will Bruck (R),
Cam Cavitt (R),
Parker Fairbairn (R),
Steve Frisbie (R),
Gina Johnsen (R),
Tom Kunse (R),
Greg Markkanen (R),
Mike Mueller (R),
Joseph Pavlov (R),
David Prestin (R),
Carrie Rheingans (D),
Angela Rigas (R),
J.R. Roth (R),
Bill Schuette (R),
Curt VanderWall (R),
Angela Witwer (D),
Doug Wozniak (R),
Mai Xiong (D),
Last Action
Referred To Committee On Finance, Insurance, And Consumer Protection (on 05/20/2025)
Bill Topics
Law, Crime, and Family Issues
- ‐ Prisons and Correctional Institutions
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
- ‐ Retirement Issues
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 | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4201 | 03/11/2025 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billengrossed/House/htm/2025-HEBH-4201.htm | 05/14/2025 |
| Fiscal Note/Analysis - House: Summary as Reported from Committee | https://legislature.mi.gov/documents/2025-2026/billanalysis/House/pdf/2025-HLA-4201-GFDH1PW9.pdf | 04/23/2025 |
| Fiscal Note/Analysis - House: Summary as Introduced | https://legislature.mi.gov/documents/2025-2026/billanalysis/House/pdf/2025-HLA-4201-ZQX1NR0K.pdf | 04/14/2025 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2025-HIB-4201.htm | 03/11/2025 |
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