Insider Intelligence

On Tuesday, the Senate unanimously voted to approve a package of bills providing tax credits to many residents. The two bills passed this week are companion bills to legislation the Senate passed last week increasing the personal exemption on income taxes to $5,000 by 2021. The legislation passed this week would create a $500 income […]

This week, the Senate passed legislation, 37-0, ensuring Michigan taxpayers can continue to claim the personal exemption on income taxes. Due to a quirk in current laws, Michigan’s exemption was tied to the federal government’s rate. Following the recent federal tax reform, which eliminated the exemption, taxpayers in Michigan would no longer be able to […]

On Wednesday, the legislature took the rare step to override Governor Rick Snyder’s veto of legislation that would move up the date of the phaseout of sales tax on vehicle trade-ins by ten years. By a vote of 37-0, the Senate had no problem getting the necessary two-thirds vote approval of all members. Later the […]

On Monday, Governor Rick Snyder announced that he is asking the state legislature to take swift action on a state income tax exemption issue.  After recent federal tax reforms effectively eliminated the personal exemption at the state level, the Governor and Lt. Governor Brian Calley developed a proposal to restore the exemption. “The exemption on […]

On Thursday, Governor Rick Snyder signed legislation ensuring local units of government cannot impose an excise tax on the production, distribution, and sale of food.  Dubbed “The Michigan Food Access and Affordability Act,” it places a prohibition on local governments from creating such a tax. While making its way through the legislature, the bill received […]

This week, the Senate passed a House bill that prohibits local units of government from imposing an excise tax on the production, distribution, and sale of food.  During the committee process the legislation received support from a wide range of groups, including; the Small Business Association of Michigan, the Associated Food and Petroleum Dealers, the […]

This week, the legislature moved forward with bills in the House and Senate that provide protection for consumers from local governments imposing an excise tax on the production, distribution, and sale of food.  As we’ve previously written, the two bills were introduced after local food and beverage taxes were adopted in other parts of the […]

As we wrote last week, legislation has been introduced in the House and Senate prohibiting local units of government from imposing an excise tax on the production, distribution, and sale of food.  The proposal was put forth after other cities nationwide have adopted such a tax, causing harm to grocery stores, food production, and employment […]