HB5396 — Corporate income tax: rate; pay ratio surcharge for certain corporations; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 684.

HB5396 — Corporate income tax: rate; pay ratio surcharge for certain corporations; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 684. · Informed CitizenryThis bill amends the Income Tax Act of 1967 to establish an annual surcharge on certain corporations for tax years beginning on or after October 1, 2024. The surcharge applies to taxpayers required…Open in Informed Citizenry