Michigan HB4313 amends the state's individual income tax law to allow deductions for residents in districts with vacant legislative seats.

Michigan HB4313 amends the state's individual income tax law to allow residents in districts with vacant legislative seats to deduct income received during the vacancy period. Specifically, residents can deduct 50% of income if one seat is vacant or 100% if both the state senate and house of representatives seats are vacant. The deduction is not available to senior citizens born after 1945. The bill also details various other deductions and exemptions available under Michigan's income tax law, including those for retirement benefits, education savings accounts, and certain nonbusiness income.

Michigan HB4313 amends the state's individual income tax law to allow deductions for residents in districts with vacant legislative seats.

Michigan HB4313 amends the state's individual income tax law to allow residents in districts with vacant legislative seats to deduct income received during the vacancy period. Specifically, residents can deduct 50% of income if one seat is vacant or 100% if both the state senate and house of representatives seats are vacant. The deduction is not available to senior citizens born after 1945. The bill also details various other deductions and exemptions available under Michigan's income tax law, including those for retirement benefits, education savings accounts, and certain nonbusiness income.