Individual income tax: credit; housing opportunity tax credits; create. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279, 679 & 821. TIE BAR WITH: HB 5805'26, HB 5807'26
Creates a Michigan housing opportunity tax credit (HOTC) for LIHTC projects, with rules on allocation, claiming, recapture, and carryforwards starting 2027.