HB4057

Individual income tax: deductions; contributions to a child care savings account; deduct. Amends sec. 30 of 1967 PA 281 (MCL 206.30). TIE BAR WITH: HB 4056'25

Introduced·2/4/25
Introduced Text

Michigan HB4057 amends the state's individual income tax deductions, particularly for retirement and pension benefits.

Michigan HB4057 amends the state's individual income tax deductions, particularly for retirement and pension benefits. It modifies the deductions available for different categories of taxpayers, including those born before and after specific years, those receiving benefits from governmental agencies not covered by federal social security, and those who are disabled veterans.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Economic Competitiveness Committee
Next
Committee decision

Sponsors

D
1
18
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Democratic CaucusRepublican Caucus

Calendar

Mar 20, 2025

10:30 AM

House Economic Competitiveness

History

Feb 5, 2025

House

Bill Electronically Reproduced 02/04/2025

Feb 4, 2025

House

Introduced By Representative Rep. Bill Schuette

Feb 4, 2025

House

Read A First Time