Rep Tedder leads Michigan House in approving tax relief for seniors families

first_img25Jan Rep. Tedder leads Michigan House in approving tax relief for seniors, families Categories: News,Tedder News State Rep. Jim Tedder of Clarkston today led the Michigan House in approving legislation to give seniors and families well-deserved relief on their state income taxes.Tedder’s bill would provide a $100 income tax credit for a single filer age 62 or older. The credit would be $200 for joint filers. Other legislation in the package ensures all Michigan taxpayers can continue claiming personal exemptions on income taxes after federal tax reforms signed into law last month. The proposal approved today gives additional tax relief by gradually increasing the state personal exemption from the current $4,000 to $4,800 by the 2020 tax year.“Our economy is in good shape. Our state budget is in good shape,” Tedder said. “Now is the perfect time to deliver real tax relief to Michigan seniors and families. They carried the state’s financial burden during tough times, but those tough times are over – and Michiganders, particularly our seniors on fixed incomes, deserve to keep more of their own money.”Tedder is chair of the House Tax Policy Committee, which approved the legislation earlier this week before it advanced to the House floor. Tedder played a crucial role in securing support for the legislation.An essential addition this week was a provision ensuring funding for Michigan’s public schools won’t be negatively affected by the legislation.“As I often say, money looks better in a taxpayer’s pocket than in the government’s pocket,” Tedder said. “This legislation keeps more of our money where it belongs – at home with Michigan families.”House Bills 5420-22 now advance to the Senate for further consideration.###last_img

Leave a Reply

Your email address will not be published. Required fields are marked *