Bill
HB 5293
Individual income tax: credit; payroll withholding credit; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 714. TIE BAR WITH: HB 5292'25
2025-2026 Regular Session
Introduced by Mike Hoadley and 1 co-sponsor
Creates a temporary 50% payroll withholding credit for new high‑paying Michigan full‑time jobs, with a $50M annual cap and size-based set‑asides.
bill electronically reproduced 11/13/2025
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#individualincometax:withholdingrequirements
#stateagencies(existing):treasury