A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 714.
House Bills 5118 and 5119 establish a Michigan Work Opportunity Tax Credit program that provides state tax incentives, equal to 50% of the federal WOTC for businesses and a withholding tax credit for nonprofits, to encourage the hiring of certified members of targeted groups, effective beginning in 2026 and contingent on related legislation.
Co-sponsored by Reps.
Referred to the Committee on Economic Competitiveness
