Individual income tax: credit; credit for student loan payments made by certain taxpayers who relocated to this state for employment; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 279b. TIE BAR WITH: HB 6061'26, HB 6063'26, HB 6064'26, HB 6065'26

Summary

The bill adds a new provision to Michigan’s individual income‑tax code that gives a credit for student‑loan payments made by certain taxpayers who relocate to the state for employment. It aims to reduce the financial burden on new residents with education debt and to encourage workforce relocation. The measure is currently introduced in the House and is tied to several related bills.

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