Bill
SB 924
Individual income tax: credit; community development tax credit; create. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279 & 678. TIE BAR WITH: SB 0923'26, SB 0925'26
2025-2026 Regular Session
Introduced by Stephanie Chang and 2 co-sponsors
Creates two parallel Michigan tax credits (Section 279 and 678) to incentivize redevelopment and housing on eligible properties, via the Michigan Strategic Fund.
REFERRED TO COMMITTEE ON ECONOMIC AND COMMUNITY DEVELOPMENT
#corporateincometax:credits
#corporateincometax:economicdevelopment
#economicdevelopment:michiganstrategicfund
#economicdevelopment:developmentincentives
#individualincometax:credit
#individualincometax:economicdevelopment