2013 Senate Bill 408

Give college loan grants to employed bachelor degree holders

Introduced in the Senate

June 4, 2013

Introduced by Sen. Glenn Anderson (D-6)

To give college bachelor degree recipients who live and are employed in Michigan an income tax credit of up to half the amount they owe each year on student loans, capped at an amount equal to 20 percent of the annual tuition of a four-year state university. The bill would authorize the same credit to an employer who picks up the cost of an employee’s loan payments.

Referred to the Committee on Finance

Nov. 14, 2013

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Jan. 8, 2014

Referred to the Committee on Appropriations