A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 261.
The bill amends the Income Tax Act to provide a tax credit for contributions to community foundation endowment funds, with specific limits and requirements, effective from the 2025 tax year, contingent on related legislation passing.
Co-sponsored by Reps.
Referred to the Committee on Economic Competitiveness
