HB4592 — Individual income tax: deductions; deduction for all compensation earned by a taxpayer 17 years of age or younger; provide for. Amends sec. 30 of 1967 PA 281 (MCL 206.30).

HB4592 — Individual income tax: deductions; deduction for all compensation earned by a taxpayer 17 years of age or younger; provide for. Amends sec. 30 of 1967 PA 281 (MCL 206.30). · Informed CitizenryThis bill amends Michigan's Income tax act of 1967 by modifying Section 30 (MCL 206.30), which defines "Taxable income." The amendments include numerous adjustments and deductions to the calculatio…Open in Informed Citizenry