Michigan Gov. Rick Snyder has signed legislation to accelerate a scheduled personal income tax rate reduction. The rate is reduced from 4.35% to 4.25% on October 1, 2012, instead of January 1, 2013.
Act 223 (H.B. 5699 ), Laws 2012, effective June 29, 2012; Press Release, Michigan Gov. Rick Snyder, June 29, 2012
