Rep Miller votes to provide needed tax relief to Michigan residents

first_img25Jan Rep. Miller votes to provide needed tax relief to Michigan residents Rep. Aaron Miller of Sturgis today joined his colleagues in the Michigan House to approve legislation giving Michigan residents, including families and seniors, broader income tax relief.The legislation continues and increases the personal exemption ceiling for Michigan taxpayers and their dependents on their state income taxes. Other bills in the package provide additional tax alleviation for senior citizens in the form of raised credit.“The motives behind this bill are very simple – get more of residents and taxpayers’ hard-earned money back into their hands,” Miller said. “These measures are proactively reactive. They help those who might be living paycheck to paycheck, senior citizens and others. More money out there in the pockets of residents will go a long way in helping to stimulate our local and state economies. It’s a win-win.”The package’s main bill, sponsored by state Rep. Roger Hauck of Union Township, ensures Michigan taxpayers will be able to continue claiming personal exemptions on their income taxes after federal tax reforms signed into law last month. In addition, Hauck’s bill increases the state personal exemption from the current $4,000 to $4,800 by the 2020 tax year. Reinforcing the personal exemption stipulation comes in the wake of federal changes which are slated to hike Michigan taxes for residents by an estimated $1.4 billion collectively, according to some economists.Companion legislation sponsored by Rep. Jim Tedder of Clarkston provides a tax credit for those 62 and older – $100 for single filers and $200 for joint filers – in addition to the personal exemption increase. A third bill from Rep. Jeff Noble of Plymouth would allow taxpayers in Michigan cities with an income tax to continue to claim exemptions.Essential public services will not be affected because of the changes. The House has also added a specific provision to make sure public school funding is not negatively affected.House Bills 5420-22 advance to the Senate for consideration. Categories: Miller News,Newslast_img