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Michigan's revenue is expected to be nearly $900 million less this fiscal year than had been previously forecasted in January due to an income tax rate reduction and corporate tax incentives, state officials said Friday. ....
State Treasurer Rachel Eubanks reiterated that the state's economy "continues to perform really well," and that the loss in revenue was as a result of intentional policy changes. ....
Michigan to sustain $883M revenue blow after tax cuts foxbangor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbangor.com Daily Mail and Mail on Sunday newspapers.
LANSING Michigan has officially closed the books on the last fiscal year with a surplus that triggers an income tax cut of 0.2% for the 2023 tax year. The state’s Annual Comprehensive Financial Report showed Michigan ran a $9.2 billion surplus, which drops the state’s income tax rate from 4.25% to 4.05% a ....
An opinion from Michigan Attorney General Dana Nessel means a small income tax Michiganders will receive this year will only be temporary. A 2015 state law ....