2025 House Bill 4488

Individual income tax: credit; working parent tax credit for certain dependents; provide for.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 272a.

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Introduces a $5,000 tax credit for qualified dependents under three years old, applicable from tax year 2025, with a maximum of three dependents per taxpayer and provisions for refunding excess credit.