Individual income tax: deductions; capital gains from sale or exchange of investment coins and bullion; provide for. Amends sec. 30 of 1967 PA 281 (MCL 206.30). TIE BAR WITH: HB 5129'25, HB 5130'25

House Bill 5131 proposes an amendment to the state's individual income tax act. It aims to create a new deduction for taxpayers. This deduction would allow individuals to subtract capital gains derived from the sale or exchange of investment coins and bullion when calculating their state taxable income. This change would reduce the amount of income subject to state tax for those who realize such gains.