Vote Smart's Synopsis:

Vote to pass a bill that prohibits wages and taxpayer-funded benefits from excessive debt collections in Michigan.

Highlights:

• Prohibits wages and taxpayer-funded benefits from excessive debt collections and requires prior notification of debt payment requests in Michigan (Sec. 4001-6059).

• Amends state consumer debt policies to protect assets, including bank accounts, vehicles, and homes, from debt seizures (Sec. 4001-6059).

• Amends state garnishment exemption laws to establish protections from taxation on certain parts of an individual's income (Sec. 4001-6059)

• Authorizes measures to prevent the earned income tax credit from going to debt collectors (Sec. 4001-6059).

• Specifies that the provisions of this bill shall take effect 180 days following passage and approval by the Governor (Sec. 6104).

Full Bill Text