2025 House Bill 4287

Individual income tax: deductions; certain broadband expansion grants; deduct from taxable income.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending sections 30, 623, and 815 (MCL 206.30, 206.623, and 206.815), section 30 as amended by 2023 PA 4 and section 623 as amended and section 815 as added by 2021 PA 135.

AI Analysis – Experimental

House Bill No. 4287 amends the Income Tax Act of 1967 to include deductions for broadband expansion grants and adjusts taxable income calculations for individuals and corporations, with retroactive effect from January 1, 2023.