|
Michigan State Tax Information |
|
|
|
- Sales and Usage Tax
- General 6% Food and prescription medicines are exempt.
- Home heating fuel: 4%
- Local/County: No local/county levies
- Automotive: 6%
- Cigg Tax 2.00 per pack
- Fuel Tax
- Diesel: 28.5 cents per gallon
- Gasohol: 34 cents per gallon
- Personal income Tax: 3.9%
- Property Tax assessed at 50% of true value
- Inheritance Tax: Michigan doesn’t impose an inheritance tax and only levies limited estate taxation.
- Corporate Sales Tax: 6%
- Rental/Leasing Sales: 6%
- Corporate Usage Tax: 6%
- Rental/Lease Use Tax: 6%
- State/Tribal Tax Agreements: Michigan has taxation agreements with the seven area tribunals recognized by the State for both the individual and Business taxes to be paid by members of these Native American communities.
|
|
Last Updated ( Tuesday, 16 May 2006 )
|
MI 
