Local News Michigan Tax Law: The Good & The Bad For Small Business Owners October 25, 2016 / 12:00 PM EDT / CBS Detroit Knowing the required taxes within your state is essential for all business ...

Because of ballooning state revenues and a 2015 law, the state's personal income tax rate also has dropped from 4.25% to 4.05% for 2023. The decrease was confirmed by state officials in March.

Michigan citizens signed petitions to repeal the State’s despised Single Business Tax in 2006, in an initiated law that I authored for a petition drive led by the late L. Brooks Patterson.

LANSING, Mich. — Michigan Governor Gretchen Whitmer signed into law Tuesday a key tax bill, seeking to fulfill two major promises she made when she announced her Lowering MI Costs Plan in January.

As a result of the high tax revenues, the state's income tax rate was lowered to 4.05% from 4.25%. The rate will return back to 4.25% after Michigan's attorney general ruled that the law lowering ...

LANSING, Mich. (AP) — Michigan Attorney General Dana Nessel said Tuesday that an income tax rate reduction expected to be triggered for the 2023 tax year by the state's high revenues will be ...