State Rep. Mary Whiteford of Casco Township today approved legislation giving Michigan families and seniors broader income tax relief.
The legislation continues and increases personal exemptions for Michigan taxpayers and their dependents on their state income taxes. Other bills in the package provide additional tax relief for senior citizens.
“The recent federal tax overhaul inadvertently created an increase in state taxes for Michiganders,” Whiteford said. “This legislation ensures that our state taxes will not be affected and even gives more tax relief to individuals and families.”
One of the bills ensures Michigan taxpayers will be able to continue claiming personal exemptions on their income taxes after federal tax reforms signed into law last month. The bill increases the state personal exemption from the current $4,000 to $4,800 by the 2020 tax year.
The legislation also provides a tax credit for those 62 and older — $100 for single filers and $200 for joint filers – in addition to the personal exemption increase. A third bill would allow taxpayers in Michigan cities with an income tax to continue to claim exemptions.
The House specifically added a provision to make sure public school funding is not negatively affected by the proposal.
House Bills 5420-22 advance to the Senate for consideration