Individual income tax: credit; work opportunity tax credit for qualified employees; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279 & 679. TIE BAR WITH: SB 0994'26

Summary

The bill adds two new sections to Michigan’s income tax code that let most employers claim a credit for wages paid to employees who are state residents and certified as members of a targeted group. The credit is calculated as half of the amount the employer could claim under the federal work‑opportunity credit, but it cannot exceed the employer’s state tax liability and any excess is not refunded. The measure only takes effect if a companion bill (SB 994) is also enacted.

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