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Canvassers approve summary for Invest in MI Kids 'fair share' surcharge amendment; close vote on wording
Summary
The Michigan Board of State Canvassers approved a 100‑word summary for a proposed constitutional amendment from Invest in MI Kids that would add a 5% surcharge on annual taxable income above specified thresholds to fund K‑12 classroom spending.
The Michigan Board of State Canvassers approved a 100‑word summary for a proposed constitutional amendment from Invest in MI Kids that would add an additional 5% tax on annual taxable income above specified thresholds and dedicate the revenue to K‑12 classroom spending.
The proposed amendment would add a surcharge of 5% on annual taxable income over $500,000 for single filers and over $1,000,000 for joint filers beginning in the 2027 tax year; revenue would be deposited into the state school aid fund and required to be used for classroom purposes in local school districts, with annual audits and implementing legislation…
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