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MI HB5519

MI HB5519
Individual income tax: rate; rollback of rate to 3.9%; provide for. Amends sec. 51 of 1967 PA 281 (MCL 206.51).


summary

Introduced
02/18/2026
In Committee
02/18/2026
Crossed Over
Passed
Dead

Introduced Session

103rd Legislature

Bill Summary

A bill to amend 1967 PA 281, entitled"Income tax act of 1967,"by amending section 51 (MCL 206.51), as amended by 2023 PA 4.

AI Summary

This bill amends the Income Tax Act of 1967 to adjust the individual income tax rates in Michigan, aiming to gradually lower the rate to 3.9% by January 1, 2026. Specifically, it sets the tax rate at 4.05% for the period between January 1, 2023, and January 1, 2024, then increases it to 4.25% from January 1, 2024, to January 1, 2026, before finally reducing it to 3.9% on and after January 1, 2026. The bill also modifies provisions related to the deposit of tax revenue into the state school aid fund and the agricultural preservation fund, and clarifies definitions for terms like "person other than a corporation" and "taxable income."

Committee Categories

Budget and Finance

Sponsors (15)

Last Action

Bill Electronically Reproduced 02/18/2026 (on 02/19/2026)

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