Corporate income tax: credits; credit for student loan payments made by employer on behalf of a qualified employee who received a diploma or degree from an institution located in this state; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 679. TIE BAR WITH: HB 6061'26, HB 6062'26, HB 6064'26, HB 6065'26

Summary

The bill adds a new credit to Michigan’s corporate income tax code for companies that make student‑loan payments on behalf of qualified employees. To qualify, the employee must have earned a diploma or degree from a Michigan‑based institution. The credit is intended to encourage employers to help workers reduce debt and retain college‑educated talent in the state.

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