A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 30 (MCL 206.30), as amended by 2023 PA 4.
Creates the Child Care Savings Program Act which allows for the creation of savings accounts at financial institutions to cover eligible child care expenses, facilitating account holders' employment, education, or job search efforts.
Co-sponsored by Reps.
Referred to the Committee on Families, Children and Seniors