LANSING, Mich. (WJMN) – Governor Whitmer announced two bills to be signed into law Wednesday.
Senate Proposition 25 authorizes disabled veterans to deduct taxable income resulting from the cancellation or write-off of student loans under the U.S. Department of Education’s Permanent and Total Disability Relief Program. Disabled veterans can deduct income attributed to exempt student loans for tax years 2016 through 2019, then beginning in 2025.
“Our nation’s disabled veterans have served our country with honor and dignity, and this measure helps alleviate some of their financial burdens,” said Governor Whitmer. “I am proud to sign Senate Bill 25 to recognize the sacrifices made by our veterans and their families, and to make their lives easier.”
Senator Tom Barrett, R-Charlotte, sponsor SB 25.
“Senate Proposition 25 is a great step forward in recognition of the sacrifices and service of Michigan’s disabled veterans,” said VFW Michigan State Commander Kevin Conklin. “Michigan’s VFW Department welcomes the efforts of Governor Whitmer and Senator Tom Barrett to make Michigan the best state in the Nation for veterans and their families, and we look forward to the legislation. future will help us achieve this goal together.”
House bill 4921 amends the Michigan Medical Cannabis Licensing Act so that growers can submit financial statements of their activity to the Cannabis Regulatory Authority (MRA) and the municipality in which they operate every three years. Currently, they are required to submit financial statements each year.
“I am committed to making it easier for Michigan business owners to deal with the state government,” said Governor Whitmer. “This measure would streamline the financial reporting process for medical marijuana businesses in our state by allowing them to file financial records with the MRA and local municipalities. theirs every three years instead of every fiscal year, cutting restrictions on cannabis businesses.”
The bill was sponsored by Delegate Roger Hauck, R-Union Twp.
“This will create a simpler and more efficient financial reporting process for business owners operating in both the healthcare and leisure markets,” said Representative Hauck. “I am delighted that we can work together to create a win-win scenario for the industry and the state.”
https://www.upmatters.com/news/michigan-news/whitmer-signs-senate-bill-25-and-house-bill-4921/ Whitmer signs Senate Bill 25 and House Bill 4921 | WJMN