LANSING, Mich. (Michigan News Source) – Late Tuesday night, the Michigan Senate finalized a tax relief initiative and sent the bill to Gov. Gretchen Whitmer’s desk for her signature.

The bill will not include the $180 one-time rebate checks Gov. Whitmer wanted to send to residents in exchange for permanent tax relief. However, it will  overhaul the retirement tax, expand the Working Families Tax Credit, and invest in housing and community development.

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The state’s personal income tax was automatically set to drop from 4.25% to 4.05% prior to this bill. The plan will keep that intended drop.

The bill will expand the Working Families Tax Credit to 30% of the federal Earned Income Tax Credit. 700,000 Michiganders will see an average of $3,150 dollars back in their pockets.