Michigan SB0426 amends the individual income tax law to redirect employment withholdings from the state to certain community colleges for the new.
Michigan SB0426 amends sections 703, 705, and 711 of the Michigan Compiled Laws to redirect a portion of employment withholdings from the state to specific community colleges for the new jobs training program. This bill also clarifies the application of withholding requirements to professional employer organizations. Under the new provisions, employers who have entered into agreements with community colleges for new jobs training must deduct and withhold taxes from compensation and make payments to the community colleges for a portion of those taxes.
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