Blog Post
Is This The End of Estate Taxes in Michigan?
websitebuilder
September 9, 2019
House Bill 4922
was introduced on Friday, September 05, 2019. If passed, HB 4922 would repeal the Michigan Estate Tax Act, which has been in existence for 120 years. This would be the official end of "death taxes" in Michigan. However, not much will change in reality because Michigan's estate tax is tied directly to the federal estate tax, and since the federal estate tax exemption is now more than $11 million per person, it touches very few people. Nevertheless, it will be a welcome end to an unnecessary tax in Michigan, and that is something to celebrate.
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