Michigan SJRN proposes a five percent surcharge on individual income tax for high earners to fund pre-K to 12 schools, child care, health and human.

Michigan SJRN amends the state constitution to impose a five percent fair share surcharge on individual income tax for those earning over $500,000 annually or $1,000,000 for joint filers, starting from the 2027 tax year. This surcharge, in addition to existing state income taxes, will be adjusted annually based on the U.S. Consumer Price Index. The collected revenue will be exclusively allocated to pre-K to 12 schools, child care, health and human services, housing, and water infrastructure.

Michigan SJRN proposes a five percent surcharge on individual income tax for high earners to fund pre-K to 12 schools, child care, health and human.

Michigan SJRN amends the state constitution to impose a five percent fair share surcharge on individual income tax for those earning over $500,000 annually or $1,000,000 for joint filers, starting from the 2027 tax year. This surcharge, in addition to existing state income taxes, will be adjusted annually based on the U.S. Consumer Price Index. The collected revenue will be exclusively allocated to pre-K to 12 schools, child care, health and human services, housing, and water infrastructure.