Rep Howrylak introduces bill to reduce taxes for retirees seniors

first_img Categories: Howrylak News,News Rep. Martin Howrylak of Troy introduced legislation today that seeks to significantly lower the tax burden for retirees.“I came to Lansing with the desire to provide taxpayers in Troy and Clawson and across the state with tax relief,” Howrylak said. “The retirement income tax exclusion was eliminated several years ago and my goal is to significantly lessen the retiree tax burden.”In 2011, Michigan made several changes to the tax code, including eliminating the pension and retirement exemption. If enacted, Rep. Howrylak’s proposal will significantly increase the retirement income subtractions for both single and joint filers. As a result, this legislation will reduce the portion of one’s retirement income that is subject to state tax and lower the tax obligation for all Michigan retirees and seniors.“Most senior citizens are dependent on a fixed income and this policy change had a significant impact on their pocketbooks,” Howrylak said. “My bill will greatly reduce the tax burden placed on these hard-working citizens and allow them to keep more of their earned income during their retirement years.”This legislation is the reintroduction of House Bill 5801, which Howrylak authored in 2016.HB 4159 has been referred to the Tax Policy Committee for consideration.##### 02Feb Rep. Howrylak introduces bill to reduce taxes for retirees, seniorslast_img

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