A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending sections 623 and 815 (MCL 206.623 and 206.815), section 623 as amended and section 815 as added by 2021 PA 135.
Amends Michigan's tax code to allow businesses to deduct broadband expansion grant funds from taxable income while requiring related expenses to be added back, supporting broadband infrastructure growth without providing double tax benefits, effective for tax years starting January 1, 2026, and contingent on the passage of related legislation.
Introduced
by
Referred to the Committee on Regulatory Affairs
