August 22, 2007, Introduced by Rep. Cushingberry and referred to the Committee on Tax Policy.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
by amending section 51e (MCL 206.51e), as amended by 2003 PA 239.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec.
51e. On and after January July
1, 2004, for receiving,
earning, or otherwise acquiring income from any source whatsoever,
there is levied and imposed upon the taxable income of every person
other
than a corporation a tax at 3.9%. the following rate for the
applicable
period:
(a)
On and after January 1, 2004 and before July 1, 2004,
4.0%.
(b)
On and after July 1, 2004, 3.9%.