2024 House Bill 6020

Individual income tax: credit; community investment 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 sections 279 and 679.

AI Analysis – Experimental

House Bills 6020 and 6021 establish a tax credit program for donations to qualified organizations, capped at $25 million annually, with credits available from 2024 to 2030.

Introduced in the House

Oct. 15, 2024

Introduced by Rep. Jasper Martus (D-69) and 11 co-sponsors

Co-sponsored by Reps. Jason Hoskins (D-18), Erin Byrnes (D-15), Veronica Paiz (D-11), Brenda Carter (D-53), Kimberly Edwards (D-12), Amos O’Neal (D-94), Cynthia Neeley (D-70), Mike McFall (D-8), Donavan McKinney (D-14), Carrie Rheingans (D-47) and Betsy Coffia (D-103)

Referred to the Committee on Tax Policy