2023 Senate Bill 127

Individual income tax: credit; credit for donation to endowment fund of community foundation; provide for.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 261.

House Fiscal Agency Analysis

Senate Bill 127 would amend the Income Tax Act to create a nonrefundable individual income tax credit for donations or contributions to the endowment fund of a community foundation.

Introduced in the Senate

March 2, 2023

Introduced by Sen. Sam Singh (D-28) and 12 co-sponsors

Co-sponsored by Sens. John Damoose (R-37), Joseph Bellino (R-16), Paul Wojno (D-10), Roger Victory (R-31), Mark Huizenga (R-30), Stephanie Chang (D-3), Erika Geiss (D-1), Dayna Polehanki (D-5), Rosemary Bayer (D-13), Veronica Klinefelt (D-11), Sylvia Santana (D-2) and Kevin Hertel (D-12)

Referred to the Committee on Finance, Insurance, and Consumer Protection

April 26, 2023

Reported without amendment

April 27, 2023

Referred to the Committee of the Whole

May 2, 2023

Reported without amendment

May 3, 2023

Passed in the Senate 33 to 5 (details)

Received in the House

May 3, 2023

Referred to the Committee on Tax Policy

Sept. 13, 2023

Reported with substitute H-1

Nov. 13, 2024

Substitute H-1 concurred in by voice vote

Passed in the House 69 to 40 (details)

Motion to give immediate effect by Rep. Abraham Aiyash (D-9)

The motion prevailed by voice vote