Michigan Information & Research Service Inc.
Michigan Information & Research Service Inc.

Taxation

Blog tagged as Taxation

Miles Travelled Tax Would Hit The Road In House, Senate Budgets

04/25/24 02:26 PM By Team MIRS - Comment(s)
Miles Travelled Tax Would Hit The Road In House, Senate Budgets
A pilot project would be launched to test how to assess vehicle fees based on miles traveled, under a provision added to the Senate and House's proposed transportation budgets Wednesday afternoon.

Short-Term Rentals Facing 6% Tax Under Bills

04/18/24 02:14 PM By Team MIRS - Comment(s)
Short-Term Rentals Facing 6% Tax Under Bills
Short-term rentals would have to pay a 6% excise tax under legislation that received testimony in the House Local Government and Municipal Finance Committee Wednesday.

Michigan Future Pitches $1B In Tax Credits For Families, Children 

04/09/24 02:02 PM By Team MIRS - Comment(s)
Michigan Future Pitches $1B In Tax Credits For Families, Children 
Michigan Future's polling data shows 76 percent of Michiganders support a $5,000-per-child tax credit for kids up to three and a $2,500 credit for kids

Axe MI Tax Forgoes Canvassers, Circulates Petitions

03/19/24 02:35 PM By Team MIRS - Comment(s)
Axe MI Tax Forgoes Canvassers, Circulates Petitions
Petitions for the constitutional amendment to try to do away with property taxes in Michigan have decided they don't need the approval of the Board of Canvassers and started circulating petitions.

4.25 Percent Income Rate Stands After Appeals Court Ruling

03/08/24 11:28 AM By Team MIRS - Comment(s)
4.25 Percent Income Rate Stands After Appeals Court Ruling
The state’s personal income tax rate will not return to 4.05 percent after the Michigan Court of Appeals affirmed the reduction from 4.25 percent applied only to 2023.
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