2024 House Bill 6021

Economic development: Michigan strategic fund; community investment tax credit program; create.

A bill to amend 1984 PA 270, entitled “Michigan strategic fund act,” (MCL 125.2001 to 125.2094) by adding section 88u.

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. Kristian Grant (D-82) and 12 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), Jasper Martus (D-69) and Betsy Coffia (D-103)

Referred to the Committee on Tax Policy