2005 House Bill 5201

Tax breaks for certain corporate housing contributions

Introduced in the House

Sept. 21, 2005

Introduced by Rep. Steve Tobocman (D-12)

To authorize a Single Business Tax (SBT) credit equal to 105 percent of donations made by a company to the <a href="http://www.michiganvotes.org/2003-HB-4788">Michigan Affordable Housing Fund </a>, which can be used to offset up to 50 percent of a taxpayer's SBT liability for the tax year. This fund provides taxpayer-subsidized grants and loans to selected organizations or companies that provide housing for low income households.

Referred to the Committee on Tax Policy