2025 House Bill 5063

Individual income tax: credit; credit for fostering animals; provide for.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 285.

AI Analysis – Experimental

House Bill No. 5063 creates a nonrefundable state income tax credit for Michigan residents who foster animals for qualified organizations, providing $50 per animal fostered (with annual adjustments for inflation), to encourage and support animal fostering.