House Republican Members Introduced Tax Reform

Liz Gullett

Jan 13, 2023

Members of the House Republican caucus introduced legislation they believe will make everyday life more affordable in Michigan. The proposals target both workers and retirees. The first bill, introduced by Representative Andrew Beeler (R-Port Huron), allows seniors 67 and older to deduct $40,000 of all income from the state income tax, or $80,000 for couple filing jointly. The bill would enable seniors aged 62 to 66 to deduct retirement income, $20,000 for individuals or $40,000 for joint filers. Those amounts would increase with the rate of inflation.

The second bill, introduced by Representative Bill Schuette (R-Midland), would increase the Earned Income Tax Credit (EITC) from 6% to 20% of the equivalent federal credit. The bill makes the change retroactive to January 1, 2022.

The legislation will be referred to committee for consideration.

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