A bill to amend 1956 PA 218, entitled “The insurance code of 1956,” by amending sections 476a and 476b (MCL 500.476a and 500.476b), as amended by 2007 PA 187.
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
