tax

Koby Levin discusses how people who lost their homes to tax foreclosure in Wayne County have a chance to recoup money the county made on the homes at auction.

A new bill introduced in the Michigan House of Representatives would lower the state’s income tax rate by a fraction of a percent, from 4.25% to 4.05%.It’s a callback to a couple years ago. That’s when strong state revenue triggered a law that temporarily lowered the tax rate in 2023.

Plaintiffs in a lawsuit over a Michigan income tax cut triggered this year by high revenue say they plan to appeal a court’s decision to dismiss the case.The plaintiffs, which include some business groups and Republican state lawmakers, argue a 2015 state law that created the income tax cut mechanism meant for any reductions to carry forward permanently.

"Many Detroiters were leaving money on the table," said Priscilla Perkins, the President and CEO of the Accounting Aid Society.

Michigan charges some of the highest registration fees, but also has fewer electric vehicles that many other states, including those with smaller populations.

The upcoming election will give voters a chance to decide whether or not they’re willing to pay for the future plans of the Regional Transit…