LANSING, Mich., March 2, 2022 — Yesterday afternoon, the Michigan House of Representatives voted to pass Senate Bill 768, legislation that would bring a variety of tax benefits to Michiganders through the increase of individual income tax deductions for individuals over age 67, the reduction of the individual income tax rate, and the allowance of a $500 child tax credit. State Rep. Karen Whitsett (D-Detroit) issued the following statement in support of the bill’s passage:
“I’m thrilled to have passed this legislation. Not only does this bill offer all Michiganders a long-overdue tax cut, but it also includes targeted relief for seniors living on a fixed income. Retirees who worked hard to save for decades through the course of their working lives deserve to enjoy their golden years in comfort and peace, unburdened by the unnecessary taxation of their retirement benefits. Overall, this bill provides much needed relief to families and individuals throughout the state of Michigan, and I’m proud to have voted yes.”