Introduced
by
To convert the former “Michigan Promise” college scholarship program into a $4,000 income tax credit program. The credits would be granted after getting a two year associates degree, completing an approved two year vocational program or after getting a four year bachelors degree, within 10 years of completing high school. If a former student owed less than $4,000 in state income tax, the leftover amount of the tax credit could be carried forward to future tax years.
Referred to the Committee on Tax Policy
