2017 House Bill 4409

Authorize student loan tax breaks

Introduced in the House

March 23, 2017

Introduced by Rep. Andy Schor (D-68)

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.

Referred to the Committee on Tax Policy