Individual income tax: credit; community development tax credit; create. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279 & 678. TIE BAR WITH: SB 0923'26, SB 0925'26

Summary

The bill adds new sections to Michigan’s income tax law that let eligible taxpayers claim a credit for a portion of their investment in qualified projects, such as historic rehabilitation, rural developments, or properties in low‑income areas. Credits range from 25% to up to 50% of the investment, with annual and project‑level caps, and are administered by the Michigan Strategic Fund.

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