On May 17, key officials from the House Fiscal Agency, Senate Fiscal Agency, and the Michigan Department of Treasury met for the May 2017 Consensus Revenue Estimating Conference; the latter of two yearly meetings to estimate the state’s economic outlook...

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In a nutshell: Federal tax reform removed Michigan’s personal exemption The Legislature wants to restore and increase the exemption Budget concerns could create problems   When President Trump signed the Tax Cut and Jobs Act[1] (TCJA) into law, it ...

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In a nutshell The Tax Outline has been updated with 2017 and early 2018 changes. The state avoided tax incentives during the Snyder administration, which ends this year. 2017 reversed that course with two tax incentive programs. A software hiccup unexpect...

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In a nutshell: Economic growth is expected to continue at the same slow pace. Revised General Fund and School Aid Fund projections increase state revenues by about $500 million over the next two years; a 1 percent increase. Attention turns to the legislat...

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In a nutshell: Michigan is likely to lose a seat in the 435-member U.S. House of Representatives following the 2020 Census. Slow state population growth is a major factor in this. Urban areas are growing while most rural areas are losing population.  ...

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In a nutshell: The Michigan Department of Treasury will start collecting sales tax in October from online sellers with $100,000 or more in sales or 200 or more online transactions in the previous calendar year. This change is made possible by the June U.S...

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