A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding sections 277a and 677a.
House Bill 4847 would amend the Income Tax Act to create refundable individual income tax and corporate income tax credits for the production and sale of certain alternative fuels. The bill would establish identical guidelines for both the individual and corporate income tax credits.
Co-sponsored by Reps.
Referred to the Committee on Tax Policy
