HB 4201: Individual income tax: retirement or pension benefits; department of corrections retirement and pension benefits; exempt from income taxes. Amends sec. 30 of 1967 PA 281 (MCL 206.30).
Topics
✓ Budget & TaxesSupports Budget & TaxesExempts public retirement benefits from state income tax, providing tax relief for recipients. Directly modifies tax law to reduce taxable income per bill summary.
✓ Labor & EmploymentSupports Labor & EmploymentExempts public retirement benefits from state tax, increasing take-home pay for state workers and retirees, directly enhancing compensation and financial security for public-sector employees.
|
Rep's Stance
✓ Voted Yes
✓ Supports Labor & Employment