Introduced
by
To authorize a Single Business Tax (SBT) credit equal to 105 percent of donations made by a company to the Michigan Affordable Housing Fund proposed by Senate Bills 522 and 524, up to 50 percent of a taxpayer's SBT liability for the tax year. The maximum amount of the credits available would be determined each year by the Department of Treasury and the Michigan State Housing Development Authority (MSHDA). The same proposal is contained in House Bills 4787 to 4789.
Referred to the Committee on Local, Urban, and State Affairs
