Blog tagged as Taxation

Michigan's tax revenue from major taxes and lottery revenue for March was down 21.5% from March and $104.5 million below the Senate Fiscal Agency's projection for the month, the agency reported Wednesday.

After Attorney General Dana Dana Nessel issued her opinion that the state income tax rollback would only last one year, the Citizens Research Council of Michigan did its own deep dive into the now-confirmed drop to 4.05% for tax year 2023.

(Source: MIRS.news, Published 02/09/2023) Gov. Gretchen Whitmer's tax cut proposal passed the House Thursday, 56-53, when, after 24 hours of waiting, Rep. Mike Mueller (R-Linden) joined the Democratic caucus in voting for it.

Gov. Gretchen Whitmer's tax cut proposal moved out of a joint House-Senate conference committee this afternoon but stalled on the House floor Wednesday evening after the Democratic majority was unable to get the 56 votes needed to pass it. The House plans to return to session at 10 a.m. Thursday.

The tax cut deal House and Senate Democrats struck with Gov. Gretchen Whitmer is scheduled to move out of a legislative conference committee Wednesday, Feb. 8, despite agitation among progressives and other Democratic legislators