SB 0321
Individual income tax: credit; credit for contributions to scholarship-granting organizations and deduction of funds distributed to student opportunity scholarship accounts; provide for. Amends sec. 30 of 1967 PA 281 (MCL 206.30) & adds secs. 279 & 679. TIE BAR WITH: SB 320'25
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies Michigan’s individual income tax laws to provide a credit for contributions to scholarship-granting organizations and to allow for the deduction of funds distributed to student opportunity scholarship accounts. It amends existing sections of the Michigan Income Tax Act to clarify rules regarding adjusted gross income, deductions, and credits related to these contributions and accounts. The bill also introduces new sections to address specific provisions related to these programs, including those for Holocaust victims and disabled veterans.
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