Introduced
by
To include 501(C)(3) nonprofit organizations in a provision that authorizes a Michigan Business Tax credit equal to 50 percent of a firm’s contributions to charitable organizations, and also to allow these credits for contributions from insurance companies. The 501(C)(3) status entitles religious, educational, charitable, scientific, literary, public safety, amateur sports, and children or animals anti-cruelty organizations to receive federal income tax deductible contributions from contributors.
Referred to the Committee on Tax Policy
