HB4144 — Corporate income tax: rate; rate increase and earmark of increased revenue to school aid fund; provide for. Amends secs. 623 & 695 of 1967 PA 281 (MCL 206.623 & 206.695).

HB4144 — Corporate income tax: rate; rate increase and earmark of increased revenue to school aid fund; provide for. Amends secs. 623 & 695 of 1967 PA 281 (MCL 206.623 & 206.695). · Informed CitizenryThis bill amends the Income Tax Act of 1967 to increase the corporate income tax rate from 6.0% to 8.5%, effective January 1, 2025. It also updates the definition of the corporate income tax base,…Open in Informed Citizenry