Individual income tax: income; surcharge on certain taxpayers and distribution of revenue attributable to the surcharge; provide for. Amends sec. 7, art. IX of the state constitution.

Summary

This bill proposes a new surcharge on the income of certain high-earning taxpayers in Michigan. The revenue generated from this surcharge would be distributed to support various state programs and services. Essentially, it aims to increase funding for state needs by taxing wealthier individuals more.