HB4201 — Individual income tax: retirement or pension benefits; department of corrections retirement and pension benefits; exempt from income taxes. Amends sec. 30 of 1967 PA 281 (MCL 206.30).

HB4201 — Individual income tax: retirement or pension benefits; department of corrections retirement and pension benefits; exempt from income taxes. Amends sec. 30 of 1967 PA 281 (MCL 206.30). · Informed CitizenryThis bill amends the Income Tax Act of 1967 to modify the rules for determining taxable income, specifically regarding retirement and pension benefits. It provides for various deductions for retire…Open in Informed Citizenry