HB 4186
Michigan business tax: rate; rate increase and election to file under corporate income tax act; provide for, and allow for certain taxpayers. Amends secs. 201 & 500 of 2007 PA 36 (MCL 208.1201 & 208.1500). TIE BAR WITH: HB 4183'25, HB 4182'25, HB 4181'25, HB 4180'25, HB 4185'25, HB 4187'25, HB 4184'25
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes Michigan’s business income tax rate, increasing it to 30% starting January 1, 2025, from 4.95% for activity before that date. It also allows businesses to elect to file under the Corporate Income Tax Act, offering certain tax deductions and adjustments. The bill includes provisions related to book-tax differences and carries forward of business losses, aiming to align the state’s tax system with federal standards.
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Primary sponsor
Cosponsors
Cameron Cavitt
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