Corporate income tax: rate; increasing of rate and revising the distribution of revenue collected; provide for. Amends secs. 623 & 695 of 1967 PA 281 (MCL 206.623 & 206.695).
Key claim: HB6134 would increase Michigan’s corporate income tax rate and revise how the collected revenue is distributed under the Income Tax Act of 1967.
Abstract
(HB6134 · 103rd Legislature) Corporate income tax: rate; increasing of rate and revising the distribution of revenue collected; provide for. Amends secs. 623 & 695 of 1967 PA 281 (MCL 206.623 & 206.695). Latest action (2026-06-30): Bill Electronically Reproduced 06/25/2026
Why this matters
The corporate income tax rate directly affects business tax liability in Michigan and is a core lever for state revenue policy, so a proposed rate hike matters to employers, taxpayers, and the state budget. Changing the distribution formula in MCL 206.695 also shifts which funds or programs receive the collected revenue, which can reshape downstream spending priorities. As an introduced bill, the proposal signals a policy direction rather than an enacted change.