Michigan Lowers Income Rax Rate and Increases Personal …

H.B. 5700, sponsored by state Rep. Holly Hughes, increases the personal tax exemption to $3950 beginning on Oct. 1, 2012. The exemption will increase to $4000 on Jan. 1, 2014, and remain at that amount. The current exemption is $3700.

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Michigan Lowers Income Rax Rate and Increases Personal …

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