To authorize an income tax credit of $100, $200 for couples, and up to $5,000 for a trust or estate, for gifts to community foundations.   Official Text and Analysis.

Refer to the Committee on Government Operations with the recommendation that the substitute (H-1) be adopted.

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

To tie-bar the bill to House Bill 5254, meaning this bill cannot become law unless that one does also. HB 5254 would cap the amount of state tax dollars that can be given to a relative handful of large corporations including the Big Three automakers, which were authorized in deals approved in the late 2000s under a since-suspended Michigan Economic Growth Authority program. The bill would limit the hand-outs to $200 million in the fiscal year that begins Oct. 1, 2019, and $100 million in the following year.

To eliminate a provision requiring a "community foundation" to have at least $1 million in assets to be eligible for the proposed tax-exempt gifts.

To authorize an income tax credit of $100, $200 for couples, and up to $5,000 for a trust or estate, for gifts to community foundation.