2011 Senate Bill 385

Give tax breaks to college grads who stay

Introduced in the Senate

May 19, 2011

Introduced by Sen. Bert Johnson (D-2)

To give income tax credits of between $5,000 and $50,000 to individuals who have obtained a college degree in Michigan in the past 10 years and chosen to remain in (or move back to) this state, with the lowest amounts for a community college degree and the highest for a PhD. The credit could be used to offset income tax liabilities for up to 10 years but would not be "refundable" (cashable).

Referred to the Committee on Finance