August 9, 2019

Rep Hauck Plan to cut taxes for Michigan residents approved by House

first_img The state House today approved bills providing broad income tax relief to Michigan families, including proposals supported by Rep. Roger Hauck of Union Township.The bills continue and increase personal exemptions for Michigan taxpayers and their dependents on state income taxes, potentially saving families hundreds of dollars overall.“This is a win for Michigan families and taxpayers,” said Hauck, who sponsored legislation similar to the Senate bills given House approval today. “There is no better way to improve our economy and our quality of life than helping people hang onto more of their own money. I know Michigan families will do a far better job with this money than the government and the tax spenders ever would.”The legislation ensures Michigan taxpayers will be able to continue claiming personal exemptions on their income taxes after federal tax reforms signed into law in December. In addition, the bills increase the state personal exemption from the current $4,000 to $4,900 by the 2021 tax year.That translates into significant savings. The technical fix related to the federal reforms saves $170 per person per year — or $680 for a family of four – on state income taxes. The plan to raise the personal exemption to $4,900 provides an additional $102 in additional annual tax relief for a family of four.The legislation also allows taxpayers in Michigan cities with an income tax to continue to claim exemptions.Senate Bills 748 and 750 return to the Senate for further consideration.### Categories: Hauck News,News 14Feb Rep. Hauck: Plan to cut taxes for Michigan residents approved by Houselast_img