A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding sections 279, 679, and 821.
Senate Bills 966, 967 and 968 establish a Michigan state low-income housing tax credit program to incentivize affordable housing development, with an annual $250 million cap on credits, impacting state revenues and aligning with efforts to increase affordable housing supply.
Introduced
by
Referred to the Committee on Housing and Human Services
Reported without amendment
Referred to the Committee of the Whole
Reported without amendment
Passed in the Senate 23 to 13 (details)
Referred to the Committee on Regulatory Reform
