HB 4051
Individual income tax: deductions; exclusion of certain gratuities for tipped employees; provide for. Amends sec. 30 of 1967 PA 281 (MCL 206.30).
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill amends Michigan’s income tax laws to clarify deductions and exclusions for taxpayers. Specifically, it adjusts the calculation of ‘taxable income’ by adding certain income items and deducting others, such as interest on obligations of the U.S. government and retirement benefits. The bill also introduces a new provision allowing tipped employees to deduct proven gratuities, and expands deductions for first-time homebuyer savings accounts and certain other retirement and disability benefits. It also includes provisions related to compensation for wrongful imprisonment and wagering losses.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Joseph Aragona
Cosponsors
Douglas Wozniak
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yours