Introduced by Rep. Brenda Clack D- on August 23, 2007
To not allow a person to deduct from state income tax the amount of a contribution to several Michigan education savings plan accounts, rather than just one. See House Bill 5138. Official Text and Analysis.
Referred to the Senate Education Committee on August 23, 2007
Reported in the House on September 11, 2007
Without amendment and with the recommendation that the bill pass.
Referred to the Senate Finance Committee on October 10, 2007
Reported in the Senate on December 13, 2007
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered in the Senate on December 13, 2007
To replace the previous version of the bill with one that also increases the maximum amount of government pension income that is exempt under the state income tax, and indexes this to inflation.
The substitute passed by voice vote in the Senate on December 13, 2007
To increase the maximum amount of government pension income that is exempt under the state income tax, and index this to inflation. Note: Although government pensions up to these limits are state income tax exempt, the pensions of non-government workers are not exempt and are subject to the 4.35 percent state income tax. The bill would also not allow a person to deduct from state income tax the amount of a contribution to several Michigan education savings plan accounts, rather than just one, and would increase the cap on the amount of education plan contributions that a senior citizen may deduct. See House Bill 5138.
Received in the House on December 13, 2007
To concur with the Senate-passed version of the bill, which also increased the maximum amount of government pension income that is exempt under the state income tax, and indexed this to inflation.