This bill amends the existing law regarding the revenue collection duties of the Department of Treasury in Michigan. It introduces a new section, Sec. 5a, which mandates the Department to develop an online tariffs calculator within 90 days of the section's effective date. This calculator will allow individuals to input their zip code, household income, spending habits, and other metrics determined by the Department to estimate the total costs and adverse impacts of tariffs on their financial health.

The term "tariffs" is defined in the bill as any tariff imposed by the United States government on another nation or by a foreign government on the United States, both effective from January 20, 2025. This addition aims to provide residents with a tool to better understand how tariffs may affect their personal finances, thereby enhancing transparency and awareness regarding the economic implications of tariff policies.

Statutes affected:
House Introduced Bill: 205.1, 205.31