LANSING, Mich. (WOOD) — Michigan lawmakers are working to change the state’s tax code following the Republican-led overhaul of the federal system.
After the federal law was passed, Gov. Rick Snyder said Michigan would have to make some changes, and act quickly.
“The state exemption was based upon the federal exemption,” said Sen. Tonya Schuitmaker, R-Lawton. “When the federal government took it down to zero, that kind of eliminated our exemption.”
She co-sponsored legislation that would restore and ultimately raise that exemption to $5,000 in time, which is a larger deduction than the current system.
It passed unanimously.
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