Michigan Mi 1041 Tax 2021-2024 Form

Instructions and help about mi treasury mi 1041

I have one bill in front of me. One bill about whether or not we can help our people at this time of high inflation. So today I'm going to sign House Bill one that's going to lower the income tax on Kentuckians. And I hope as we get through this period where again groceries cost too much that this helps everybody out there at least a little bit. That's Kentucky Governor Andy Beshear signing House Bill one today, a Republican backed Bill that will lower Kentucky's individual income tax rate to 4% at the start of next year. This coming after Kentucky already lowered the rate at the beginning of this year from 5% to 4 1/2. Today, Bashir said cutting the income tax could have potential long term repercussions for funding state services. But he pointed to the said Kentucky strong economy as justification for this tax cut now last April, Bashir vetoed a bill that sought to incrementally lower Kentucky's individual income tax until it hit zero. In response to today's signing, the Republican P