2025 House Bill 4057

Individual income tax: deductions; contributions to a child care savings account; deduct.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 30 (MCL 206.30), as amended by 2023 PA 4.

AI Analysis – Experimental

House Bills 4056 and 4057 create a tax-advantaged child care savings program, allowing individuals to save for child care expenses with tax-exempt contributions and interest, starting January 1, 2026.