Introduced
by
To authorize a Single Business Tax (SBT) credit equal to 105 percent of donations made by a company to the Michigan Affordable Housing Fund proposed by House Bills 4787 and 4788, up to 50 percent of a taxpayer's SBT liability for the tax year. The maximum amount of the credits available would be determined each year by the Department of Treasury and the Michigan State Housing Development Authority (MSHDA). The same proposal is contained in Senate Bills 522 to 524.
Referred to the Committee on Local Government and Urban Policy
