Bill
HB 5101
Individual income tax: credit; research and development credit for certain small employers; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 717.
2023-2024 Regular Session
Introduced by Joey Andrews and 13 co-sponsors
The bill creates a Michigan withholding tax credit to encourage in-state R&D spending, with tiered rates, university collaboration bonuses, and an annual $100M cap.
assigned PA 187'24
#economicdevelopment:michiganstrategicfund
#individualincometax:credit
#individualincometax:withholdingrequirements