Treasury Logo

*FOR IMMEDIATE RELEASE
**March 7, 2024*

*Contact:?Ron Leix <[email protected]>, Treasury, 517-335-2167*

*OFFICIAL STATEMENT*

*Michigan Department of Treasury issues statement regarding Michigan Court of Appeals Opinion in Associated Builders and Contractors of Michigan v. Eubanks [ [link removed] ]*

LANSING, Mich. ? The Michigan Department of Treasury released the following statement regarding today?s opinion by the Michigan Court of Appeals [ [link removed] ] in "Associated Builders and Contractors of Michigan v. Eubanks":

"?The Michigan Department of Treasury is committed to serving taxpayers with integrity when administering state tax laws. Today?s unanimous opinion by the Michigan Court of Appeals has reaffirmed the individual income tax rate change was temporary. We will administer the law as the Courts have ruled and continue to ensure all Michiganders are provided fair and equitable treatment.?"

Taxpayers are encouraged to review ?Notice: Court of Appeals Concludes Reduction to Income Tax Rate for Tax Year 2023 Was Temporary [ [link removed] ].? This notice outlines that the 4.25% tax rate will apply to tax years that begin in 2024 for individuals, fiduciaries and flow-through entities.

*Case Background*

In 2015, Michigan enacted a law requiring a temporary reduction of the state individual income tax rate if the general fund grew faster than the rate of inflation in any year starting for the 2023 tax year. Because the general fund grew faster than inflation during the state?s 2022 fiscal year, the?state individual income tax rate decreased to 4.05% for the 2023 tax year [ [link removed] ].

Last year,?Attorney General Dana Nessel issued a legal opinion [ [link removed] ]?finding that the tax reduction will apply to the 2023 tax year only. The Michigan Court of Claims reaffirmed the finding [ [link removed]-(manually-curated)/2023/23-000120-mb.pdf ].

# # #




________________________________________________________________________

This service is provided to you at no charge by the Michigan Department of Treasury.

Lansing, Michigan 48922 | 517-335-7508 | Contact Us [ [link removed] ]

?Having trouble viewing this email? View it as a Web page [ [link removed] ].

Bookmark and Share [ [link removed] ]

Manage your Subscriptions or Unsubscribe [ [link removed] ]

?

Get personalized voter information on early voting and other topics at Michigan.gov/Vote [ [link removed] ].

________________________________________________________________________

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Michigan Department of Treasury ? Lansing, MI 48922 ? 517-335-7508
body .abe-column-block { min-height: 5px; } table.gd_combo_table img {margin-left:10px; margin-right:10px;} table.gd_combo_table div.govd_image_display img, table.gd_combo_table td.gd_combo_image_cell img {margin-left:0px; margin-right:0px;}