Has Michigan got a deal for you
Click on any of the categories below to see how many tax breaks are out there, and how much they cost the state treasury. The numbers were taken from the state's executive budget for 2013 and 2014.
|Type of tax||Category||2014 tax break value||Description|
|Federal Adjustments||Veterans’ Benefits||$60,382,000||Excludes veterans’ benefits administered by the Veterans’ Administration from AGI.|
|State Income Tax||Military Pay||$34,513,000||Exempts compensation received while on active duty in the U.S. Armed Forces|
|Sales and Use Tax Expenditures||Military Vehicles Sales (Residents Out of State)||Exempts vehicle sales to nonresidents serving in the U.S. armed forces, or when purchased by a Michigan resident in military service when sales tax is paid to another state.|
In some cases, the state does not estimate the value of a tax break, leaving the tax break value empty in its tables.