A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding sections 279 and 679.
House Bills 5805, 5806 and 5807 establish a state Housing Opportunity Tax Credit program to incentivize affordable housing development in Michigan, sets annual funding caps and allocation rules, and expands the powers of the State Housing Development Authority, with implementation beginning in 2027.
Co-sponsored by Reps.
Referred to the Committee on Regulatory Reform
Reported with substitute H-1
Substitute H-1 concurred in by voice vote
Substitute H-3 offered
by
The substitute passed by voice vote
Passed in the House 92 to 13 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Referred to the Committee of the Whole
Reported with substitute S-1
Substitute S-1 concurred in by voice vote
Passed in the Senate 21 to 15 (details)
Returned to the Senate
Motion to give immediate effect
by
The motion prevailed by voice vote
Substitute S-1 concurred in 94 to 12 (details)
