Michigan Department of Treasury
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Recent News About Michigan Department of Treasury
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Michigan's miscellaneous tax revenues up 12.5% in Q2 2023
Michigan collected $99 million in miscellaneous tax revenue during the second quarter of 2023, a 12.5% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's individual income tax revenue down 16.8% as of Q2 2023 compared to Q2 2022
The second quarter of 2023 brought in $3.2 billion in individual income tax revenue for Michigan, a 16.8% decrease from the same period in the previous year, according to the U.S. Census Bureau.
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Michigan sees more individual income tax revenue in Q2 2023
The second quarter of 2023 brought in $3.2 billion in individual income tax revenue for Michigan, a 34.7% increase from the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Higher property tax revenue in Michigan during Q2 2023
The second quarter of 2023 brought in $120 million in property tax revenue for Michigan, a 55.8% increase from the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's miscellaneous tax revenues down 42.1% since Q1 2023
Michigan collected $88 million in miscellaneous tax revenue during the first quarter of 2023, a 42.1% decrease from the same period the previous year when $152 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's miscellaneous tax revenues down 36.7% in Q1 2023
Michigan collected $88 million in miscellaneous tax revenue during the first quarter of 2023, a 36.7% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Lower individual income tax revenue in Michigan as of Q1 2023 compared to Q1 2022
The first quarter of 2023 brought in $2.4 billion in individual income tax revenue for Michigan, an 8.4% decrease from the same period in the previous year, according to the U.S. Census Bureau.
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Individual income tax revenue down 18.4% from previous quarter in Michigan
The first quarter of 2023 brought in $2.4 billion in individual income tax revenue for Michigan, an 18.4% decrease from the fourth quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Property tax revenue down 94.9% from previous quarter in Michigan
The first quarter of 2023 brought in $77 million in property tax revenue for Michigan, a 94.9% decrease from the fourth quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's miscellaneous tax revenues down 19.2% in Q4 2022
Michigan collected $139 million in miscellaneous tax revenue during the fourth quarter of 2022, a 19.2% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Lower individual income tax revenue in Michigan as of Q4 2022 compared to Q4 2021
The fourth quarter of 2022 brought in $2.9 billion in individual income tax revenue for Michigan, a 5.5% decrease from the same period in the previous year, according to the U.S. Census Bureau.
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Individual income tax revenue down 14.4% from previous quarter in Michigan
The fourth quarter of 2022 brought in $2.9 billion in individual income tax revenue for Michigan, a 14.4% decrease from the third quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's Q4 2022 property tax revenue up 71.5% from previous quarter
The fourth quarter of 2022 brought in $1.5 billion in property tax revenue for Michigan, a 71.5% increase from the third quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's miscellaneous tax revenues up 34.4% in Q3 2022
Michigan collected $172 million in miscellaneous tax revenue during the third quarter of 2022, a 34.4% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan sees more property tax revenue in Q3 2022
The third quarter of 2022 brought in $885 million in property tax revenue for Michigan, an 883.3% increase from the second quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's miscellaneous tax revenues down 15.8% in Q2 2022
Michigan collected $128 million in miscellaneous tax revenue during the second quarter of 2022, a 15.8% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Lower property tax revenue in Michigan during Q2 2022
The second quarter of 2022 brought in $90 million in property tax revenue for Michigan, a 25% decrease from the first quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's miscellaneous tax revenues up 11.8% in Q1 2022
Michigan collected $152 million in miscellaneous tax revenue during the first quarter of 2022, an 11.8% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Property tax revenue down 91.7% from previous quarter in Michigan
The first quarter of 2022 brought in $120 million in property tax revenue for Michigan, a 91.7% decrease from the fourth quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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MESP administrator: Investing tax refund 'smart and easy way' to save for child's future
The Michigan Department of Treasury is reminding citizens of the state that investing in their child’s future can pay big dividends in the long run.