SUMMARY OF HOUSE-PASSED BILL
IN COMMITTEE
House Bill 5781 (as passed by the House)
Sponsor: Representative Sharon MacDonell
House Committee: Families, Children, and Seniors
Senate Committee: Committee of the Whole
CONTENT
The bill would amend the Michigan Achieving a Better Life Experience Program Act to modify the definition of "Internal Revenue Code". Currently, the term means the United States Internal Revenue Code in effect on January 1, 2015, or, at the option of the taxpayer, in effect for the current year. Under the bill, the term would mean the United States Internal Revenue Code in effect on January 1, 2024, or, at the option of the taxpayer, in effect for the current year.
MCL 206.982 Legislative Analyst: Abby Schneider
FISCAL IMPACT
The bill would have no fiscal impact on the State or local government.
Fiscal Analyst: Elizabeth Raczkowski
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.