A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 261.
The bill amends the Income Tax Act to provide a tax credit for contributions to community foundation endowment funds, with specific limits and requirements, effective from the 2025 tax year, contingent on related legislative enactment.
Introduced
by
Referred to the Committee on Finance, Insurance, and Consumer Protection
Reported with substitute S-1
Referred to the Committee of the Whole
Reported with substitute S-1
Substitute S-1 concurred in by voice vote
Passed in the Senate 26 to 11 (details)
Referred to the Committee on Economic Competitiveness
