SENATE BILL NO. 2


   January 13, 1999, Introduced by Senator HAMMERSTROM and referred 
        to the Committee on Finance.



        A bill to amend 1967 PA 281, entitled

   "Income tax act of 1967,"

   (MCL 206.1 to 206.532) by adding section 51c.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 51C.  ON AND AFTER JANUARY 1, 2001 AND BEFORE JANUARY

 2    1, 2002, FOR RECEIVING, EARNING, OR OTHERWISE ACQUIRING INCOME

 3    FROM ANY SOURCE WHATSOEVER, THERE IS LEVIED AND IMPOSED UPON THE

 4    TAXABLE INCOME OF EVERY PERSON OTHER THAN A CORPORATION A TAX AT

 5    THE RATE OF 4.2%.














   01154'99          Final page.                            RJA