WebThe following bill formatting applies to the 2024-2024 session: - New language in an amendatory bill will be shown in bold - Language to be removed will be stricken. - Amendments made by the House will be blue, such as: House amended text. - Amendments made by the Senate will be red, such as: Senate amended text. Enrolled bill is the version passed in identical form by both houses of the Legislature. Bill Analysis House Fiscal Agency Analysis Summary as Introduced (3/21/2024) This document analyzes: HB4288 Summary as Reported from Committee (3/21/2024) This document analyzes: HB4288 History (House actions in lowercase, Senate actions in UPPERCASE)
Michigan Legislature - House Bill 4289 (2024)
WebHouse Bill 4288 aimed to allow S corporations, partnerships, and LLCs — known as flow-through entities — to maximize the state and local tax (SALT) deduction on their federal tax returns. While larger C corporations file their business income taxes as entities, flow-through entities file at the individual owner level. http://capitol.legislature.mi.gov/documents/2024-2024/billanalysis/House/pdf/2024-HLA-4288-D37B833D.pdf i\u0027m teacher
MI HB4288 2024-2024 102nd Legislature LegiScan
WebMar 16, 2024 · 2024 MI HB4288 (Summary) Education: other; certain provisions of 1947 PA 336; modify to remove certain provisions of the revised school code. Summary (2024-03 … WebApr 28, 2024 · House Bill 4288 was approved by the House Committee on Tax Policy on Wednesday. If passed into law, the bill would amend current Michigan tax law governing S corporations, partnerships and LLCs – collectively called flow-through entities – to allow them to maximize state and local taxes (SALT) deductions on their federal tax returns. WebJul 14, 2024 · Whitmer recently vetoed House Bill 4288, which would have enabled flow-through entities such as S corporations, LLCs and partnerships to maximize their state and local tax deductions when they pay federal taxes – … netumscan webcam