2023 House Bill 5186

Corporate income tax: credits; credit for certain construction and renovation projects that receive LEED certification; provide for.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 677.

AI Analysis – Experimental

Proposes tax credits for taxpayers who undertake eligible projects that achieve LEED certifications (Silver, Gold, or Platinum) or equivalent green building certifications recognized for their climate mitigation and resilience outcomes. The credits are set at 3% for Silver, 5% for Gold, and 7% for Platinum certifications.

Introduced in the House

Oct. 19, 2023

Introduced by Rep. John Roth (R-104) and four co-sponsors

Co-sponsored by Reps. Sharon MacDonell (D-56), Jerry Neyer (R-92), Brian BeGole (R-71) and Samantha Steckloff (D-19)

Referred to the Committee on Local Government and Municipal Finance