Bill
HB 4248
Individual income tax: credit; credit for donations to endowment fund of community foundations; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 261. TIE BAR WITH: HB 4247'25
2025-2026 Regular Session
Introduced by Kara Hope and 3 co-sponsors
Michigan bill creates income tax credit for donations to community foundation endowments, reducing donor costs to incentivize charitable giving while reducing state tax revenue.
bill electronically reproduced 03/18/2025