SB125 — Individual income tax: deductions; deduct overtime compensation from taxable income; provide for. Amends secs. 30, 701, 703 & 711 of 1967 PA 281 (MCL 206.30 et seq.).

SB125 — Individual income tax: deductions; deduct overtime compensation from taxable income; provide for. Amends secs. 30, 701, 703 & 711 of 1967 PA 281 (MCL 206.30 et seq.). · Informed CitizenrySB125 amends the Income Tax Act of 1967 to provide for the deduction of overtime compensation from taxable income starting in the 2026 tax year. The bill specifically amends sections 30, 701, 703,…Open in Informed Citizenry