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2017 House Bill 4409: Authorize student loan tax breaks
Introduced by Rep. Andy Schor (D) on March 23, 2017
To authorize an income tax credit equal to 50 percent of the amount of student loan payments made by a resident (subject to some caps) who got a degree from a college or university in Michigan and is employed in the state. The credit would not be “refundable,” but would reduce an individual’s tax liability on a dollar-for-dollar basis.   Official Text and Analysis.
Referred to the House Tax Policy Committee on March 23, 2017