This week the Michigan House of Representatives announced a plan to reduce income taxes on Michigan residents.
Northern Michigan residents will see an immediate tax relief under the proposed plan to receive additional reprieve every year as the rate decreases over time.
“The state has a budget surplus and that money should go back to the hardworking Michigan citizens,” said state Rep. Triston Cole, R-Mancelona. “I am thrilled that this is the very first piece of legislation that Speaker Pro-Tempore Rep. Lee Chatfield is introducing to the 99th Michigan Legislature.
“By reducing the income tax we will allow folks to keep more of what they earn, resulting in an even better Michigan to work, play and raise a family.”
House Bill 4001 will immediately reduce the income tax from 4.25 percent to 3.9 percent in 2018 and phase out 0.1 percent every year until eliminated.