2025 Senate Bill 308

Individual income tax: credit; working parent tax credit and advanced monthly payments of that credit; create and provide for.

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

AI Analysis – Experimental

Introduces a $5,500 tax credit for qualified dependents under four, with exclusions for RX Kids Program participants, and establishes a system for advance refund payments to eligible taxpayers.

Introduced in the Senate

May 15, 2025

Introduced by Sen. Kevin Hertel (D-12)

Referred to the Committee on Housing and Human Services