A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 281.
House Bill No. 4816 creates a tax credit for investments in Michigan-based businesses, with strict eligibility and certification requirements, and ensures that any resulting loss in state revenue is offset to protect school funding.
Co-sponsored by Reps.
Referred to the Committee on Finance
