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HB4737 • 2026

Corporate income tax: rate; incremental rollback of rate to 4.25%; provide for. Amends sec. 623 of 1967 PA 281 (MCL 206.623).

Corporate income tax: rate; incremental rollback of rate to 4.25%; provide for. Amends sec. 623 of 1967 PA 281 (MCL 206.623).

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Steve Carra (District 36), Phil Green (District 67), Joseph Pavlov (District 64), James DeSana (District 29), Matt Maddock (District 51), Mike Hoadley (District 99), Joseph Fox (District 101), David Martin (District 68), Josh Schriver (District 66)
Last action
2025-07-22
Official status
bill electronically reproduced 07/15/2025
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Corporate income tax: rate; incremental rollback of rate to 4.25%; provide for. Amends sec. 623 of 1967 PA 281 (MCL 206.623).

Corporate income tax: rate; incremental rollback of rate to 4.25%; provide for.

What This Bill Does

  • Corporate income tax: rate; incremental rollback of rate to 4.25%; provide for.
  • Amends sec.
  • 623 of 1967 PA 281 (MCL 206.623).

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-07-22 HJ 65 Pg. 795

    bill electronically reproduced 07/15/2025

  2. 2025-07-15 HJ 64 Pg. 792

    introduced by Representative Rep. Steve Carra

  3. 2025-07-15 HJ 64 Pg. 792

    read a first time

  4. 2025-07-15 HJ 64 Pg. 792

    referred to Committee on Finance

Official Summary Text

Corporate income tax: rate; incremental rollback of rate to 4.25%; provide for. Amends sec. 623 of 1967 PA 281 (MCL 206.623).