2023 House Bill 5264

Individual income tax: credit; child tax credit; provide for.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 275.

AI Analysis – Experimental

Allows Michigan taxpayers to claim a child tax credit against their state income tax equal to 50% of the federal child tax credit.

Introduced in the House

Oct. 26, 2023

Introduced by Rep. Bill Schuette (R-95) and seven co-sponsors

Co-sponsored by Reps. Nancy DeBoer (R-86), Ken Borton (R-105), Rachelle Smit (R-43), Gina Johnsen (R-78), Luke Meerman (R-89), Brian BeGole (R-71) and Kathy Schmaltz (R-46)

Referred to the Committee on Families, Children and Seniors