2007 House Bill 5312

Authorize tax credit for donations to MSHDA-designated entity

Introduced in the House

Oct. 16, 2007

Introduced by Rep. John Proos (R-79)

To authorize a business tax credit of up to $25,000 for 50 percent of a firm’s contribution to a program approved by the Michigan State Housing Development Authority for a neighborhood organization that provides neighborhood assistance, job training or education for individuals, community services or crime prevention in an eligible distressed area.

Referred to the Committee on Tax Policy