Corporate income tax: credits; employer credit for certain apprenticeship and career and technical education programs: provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279 & 672.

Summary

The bill adds two new sections to Michigan's corporate income tax code that let qualifying employers claim a credit for each apprentice or eligible student they train or employ. Credits are capped at $2,000 per person and include an extra 10% boost for firms with fewer than 50 employees. Unused credit amounts are refunded to the taxpayer.

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