Historic Personal Income Tax
Michigan Historic Personal Income Tax Revenue: 1968 to Present
| Fiscal Year | Revenue Yield ($ millions) |
Public Act | Change Caused by Act | |
|---|---|---|---|---|
| 1967 | A | PA 281 | Personal Income Tax established with a 2.6 percent tax rate and $1,200 personal exemption effective July 20, 1967. | |
| 1968 | $ 262.9 | |||
| 1969 | 391.7 | |||
| 1970 | 411.5 | |||
| 1971 | 472.4 | B | PA 76 | Increased tax rate to 3.9 percent. |
| 1972 | 731.3 | |||
| 1973 | 921.5 | C | PA 20 | Increased personal exemption to $1,500 effective January 1, 1974. |
| 1974 | 965.7 | |||
| 1975 | 962.8 | D | PA 19 | Increased tax rate to 4.6 percent. |
| 1976 | 1,115.3 | |||
| 1977 | 1,440.7 | |||
| 1978 | 1,700.7 | |||
| 1979 | 1,948.3 | |||
| 1980 | 1,924.1 | |||
| 1981 | 2,033.1 | |||
| 1982 | 2,109.5 | E | PA 155 | Increased tax rate to 5.6 percent effective April 1, 1982 through September 30, 1982. Returned tax rate to 4.6 percent effective October 1, 1982. |
| 1983 | 2,600.0 | F | PA 15 | Increased tax rate to 6.35 percent for calendar year 1983. |
| 1984 | 3,462.8 | G | PA 221 | Reduced tax rate to 5.35 percent as of September 1, 1984. |
| 1985 | 3,221.8 | |||
| 1986 | 3,281.2 | H | PA 16 | Reduced tax rate to 4.6 percent effective April 1, 1986. |
| 1987 | 3,149.8 | I | PA 254 | Increased the personal exemption to $1,600 for 1987, $1,800 for 1988, $2,000 for 1989, and $2,100 for 1990. |
| 1988 | 3,571.3 | |||
| 1989 | 3,870.8 | |||
| 1990 | 3,961.0 | |||
| 1991 | 3,951.9 | |||
| 1992 | 3,920.0 | |||
| 1993 | 4,183.7 | J | PA 328 | Decreased tax rate to 4.4 percent effective May 1, 1994. |
| 1994 | 4,412.9 | |||
| 1995 | 5,247.2 | K | PAs 2&3 | Increased the personal exemption to $2,400 in 1995, to $2,500 for tax years beginning after 1996, and indexed in $100 increments, beginning with the 1998 tax year, the personal exemption to the consumer price index. |
| 1996 | 5,365.7 | |||
| 1997 | 5,934.7 | L | PA 86 | Beginning with the 1998 tax year, increased personal exemption by $200. |
| 1998 | 6,397.1 | M | PA 2-6 | Reduced the tax rate by 0.1 percentage point per year beginning in 2000, with final reduction to 3.9% occurring in 2004. |
| 1999 | 6,939.0 | |||
| 2000 | 7,246.5 | |||
| 2001 | 6,839.3 | |||
| 2002 | 6,260.3 | |||
| 2003 | 5,845.7 | |||
| 2004 | 5,912.0 | |||
| 2005 | 6,038.6 | |||
| 2006 | 6,242.9 | |||
| 2007 | 6,452.6 | N | PA 94 | Increased tax rate to 4.35% effective October 1, 2007. Beginning October 1, 2011, and each October 1st after 2011, the rate is reduced 0.1% until the rate reaches 3.95%. On October 1, 2015, the rate is 3.9%. |
| Source: Michigan Department of Treasury. | ||||
