In In The News

The state Senate has advanced legislation to reduce the personal and corporate income taxes in Michigan, a proposal that contrasts Gov. Gretchen Whitmer’s pitch for targeted election-year tax cuts.

The Senate voted 22-16 along party lines today to pass Senate Bill 768, which would provide about $2.5 billion in tax relief by cutting the state corporate income tax from 6 percent to 3.9 percent, and the individual income tax rate from 4.25 percent to 3.9 percent.

Read more in MBiz.