State Rep. David Martin today said a large increase in surplus revenue coming into the state is expected to trigger a rollback of the income tax rate starting with the 2023 tax year.
Martin, R-Davison, said thanks to the fiscally responsible leadership and policies that resulted in a historic budget surplus, the House Fiscal Agency recently announced that an income tax reduction will automatically take place unless state law is changed. Estimates indicate the rate will drop from the current 4.25% to as low as 4.05% for the 2023 tax year.
“Tax relief is needed now more than ever before,” Martin said. “Local people are struggling. Inflation keeps driving up the cost of groceries, gas, and other household essentials. It doesn’t make sense for the state to keep recording record surpluses when we could be putting more money in the pockets of struggling Michigan families and seniors on fixed incomes.”
Martin said an income tax cut is all but certain, unless Democrats who are now in control of the Legislature decide to eliminate the law that would trigger the reduction. The rate of the rollback won’t be certain until revenue figures are finalized for the 2022 fiscal year.
By State Rep. David Martin, R-Davison and David Prestin, R-Cedar River Unelected bureaucrats far too often wield significant influence in state government, crafting rules and regulations that impact our daily lives. In Michigan, nowhere is this more apparent than within the Department of Environment, Great Lakes and Energy (DEGLE), which exerts its authority through a […]
State Rep. David Martin, R-Davison, today paid tribute to the work Blue Star Mothers do to support the armed forces, military families, and veterans throughout Michigan. Founded in Michigan, Blue Star Mothers of America, Inc. is a national organization comprised of mothers of members of the military. Martin’s resolution recognizes Feb. 1 as Blue Star […]
State Rep. David Martin, Republican vice chair of the House Natural Resources Committee, released the following statement after Democrats were unable to push Senate Bills 393-394 out of committee on Thursday: “In her rush to relinquish environmental decision-making to unelected bureaucrats, the committee chair either forgot to do the math or doesn’t understand basic House […]
State Rep. David Martin today invited residents to meet with him during his upcoming office hours in Grand Blanc and Davison. Local office hours are an opportunity for residents to meet face-to-face with Rep. Martin to share their thoughts, questions, and concerns. The meetings are open to the public, and no appointment is necessary to […]