2025 House Bill 4055

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

The bill introduces a state tax credit equal to 50% of a federal credit, effective from 2025, with refunds for any excess over state tax liability.