Michigan AG Fights Lawsuit Over Income Tax Break Duration
Michigan Attorney General Dana Nessel moved to dismiss an August lawsuit arguing the state's income tax drop from 4.25% to 4.05% should be permanent. The Mackinac Center for Public Policy sued State Treasurer Rachael Eubanks over an interpretation of a 2015 law requiring the individual income tax rate to decrease automatically if year-over-year state general fund revenues increase at a greater rate than inflation. The group represents the Associated Builders and Contractors of Michigan, National Federation of Independent Business, Inc., Sen. Ed McBroom, Rep. Dale Zorn and six individual taxpayers. --- Support this podcast: https://podcasters.spotify.com/pod/show/michigan-in-focus/support
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Show Notes
Michigan Attorney General Dana Nessel moved to dismiss an August lawsuit arguing the state's income tax drop from 4.25% to 4.05% should be permanent. The Mackinac Center for Public Policy sued State Treasurer Rachael Eubanks over an interpretation of a 2015 law requiring the individual income tax rate to decrease automatically if year-over-year state general fund revenues increase at a greater rate than inflation. The group represents the Associated Builders and Contractors of Michigan, National Federation of Independent Business, Inc., Sen. Ed McBroom, Rep. Dale Zorn and six individual taxpayers.
Support this podcast: https://podcasters.spotify.com/pod/show/michigan-in-focus/support
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