Page 28 - Thomas Albert News Today

Republicans want to suspend the state’s 27-cent-per-gallon gas tax for six months, a relief for drivers but that would cost the state $770 million. Some Democrats want to halt the 6-percent sales tax on gasoline instead.

The House voted to cut the state income tax, lower the age to exempt income from taxation and create a $500 per-child tax credit.

The Michigan House approved a $2.5 billion plan to reduce taxes, including cuts to personal income tax, taxes on seniors and a $500 child tax credit.

Republicans appear to have reached an agreement on a tax plan which would combine the $500 child tax credit portion from the Senate side while keeping the core of what the House introduced last week. The House bill proposed last week would lower the income tax rate from 4.25 percent to 3.9 percent…

A Michigan House Republican plan would direct $1.15 billion of grants to local municipal pensions that agree to abide by certain conditions.

LANSING — House Republicans on Thursday began passing legislation that would cut Michigan’s income tax, provide tax breaks for more retirees and help local governments reduce their pension debt.

LANSING — Michigan House Republicans are rolling out a plan Thursday to slash income taxes, give senior citizens additional tax relief and use one-time surplus tax revenue to pay down $1.5 billion in municipal pension debt.The House GOP's $1.7 billion tax cut plan calls for slashing the…

Neither the House or Senate plans will become law, as GOP legislative leaders must work with the Whitmer administration to find a budget compromise.

The Tax Policy Committee and Appropriations Committee both passed bills on Thursday to decrease the income tax burden on residents and businesses.

House Republicans on Thursday began passing legislation that would cut Michigan's income tax.