A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 279.
The bill provides tax credits to encourage the sale or rental of agricultural assets to beginning farmers, with a total annual cap of $5 million in credits, and includes provisions for reporting and definitions to support implementation.
Introduced
by
Referred to the Committee on Appropriations
