House Tax Policy Committee Passes Income Tax Rollback
By: Dene Westbrook,
February 20, 2014
Yesterday the House Tax Policy Committee reported House Bills 5265, 5266 and 5267, bills that would reduce the state income tax. House Bills 5265-6 would reduce the income tax from 4.25 percent to 4.05 percent. House Bill 5267 would allow additional reductions of 0.1 percent if general fund revenue increased by $300 million or more in the preceding fiscal year.
The League opposes this legislation as we opposed similar legislation in the Senate several weeks ago. There need to be a comprehensive discussion about reinvesting in communities and infrastructure before passing income tax relief.
You can view the League’s letter of opposition here: Tax relief package letter to cmte 2_14
The legislation now goes to the full House for consideration.
Samantha Harkins is the Director of State Affairs for the Michigan Municipal League. She can be reached at 517-908-0306 or email at [email protected]