Individual income tax: rate; rollback of rate to 3.9%; provide for. Amends sec. 51 of 1967 PA 281 (MCL 206.51).

Summary

The bill revises the personal income tax schedule, establishing a 3.9% rate for individuals beginning Jan 1 2026 after a series of interim rates. It also directs portions of tax collections to the state school aid fund, agricultural preservation fund, and the Renew Michigan fund, and provides a credit for certain trust beneficiaries. The changes affect all individual taxpayers and alter how tax revenue is distributed to state programs.

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