Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
2023 Income Tax Cut for Michiganders
Income Tax Rate Reduced to 4.05%
Based on this change, Treasury is not updating the 2023 withholding tables. If withholding amounts are not adjusted, a reduction in tax liability will be realized in 2024, when individual and fiduciary returns are filed for tax year 2023.
Income Tax Rate Change FAQs