LANSING— State Sen. Jack Brandenburg, R-Harrison Township, on Tuesday introduced legislation that would incrementally lower the personal income tax on Michigan citizens.
“Today I have introduced Legislation to restore the statutory rollback of the Michigan personal income tax rate to 3.9 percent and keep a promise to the Michigan taxpayers. My bill, which is Senate Bill 906, reduces this tax rate by 0.1 percent each year beginning in on January 1, 2014 and guarantees the tax rate will be reduced back to 3.9 percent.
“This was a promise made to the Michigan taxpayers during the budget crisis of 2007 when the personal income tax was temporarily raised to 4.35 percent, with the clear understanding that it would be rolled back to 3.9 percent permanently within a few years. Our current tax law provides only for a one time roll back to 4.25 percent on January 1, 2013, and this is not good enough.
“We need to keep our word to Michigan taxpayers who have been hard hit by a combination of rising costs of food, gasoline, health insurance and college tuition. These statutory tax decreases will also provide a safeguard against the creation of bigger state government as Michigan tax revenues rise because of the recovery of the Michigan auto industry.”
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