WeVote
Log In

Bill

Bill

SB 633

Individual income tax: credit; state historic preservation tax credit; eliminate. Amends secs. 266a & 676 of 1967 PA 281 (MCL 206.266a & 206.676). TIE BAR WITH: SB 0631'25

2025-2026 Regular Session Introduced by Thomas Albert and 2 co-sponsors

Michigan bill eliminates state historic preservation tax credit, increasing tax revenue but removing incentives for historic building restoration and community revitalization projects.

REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS
#individualincometax:credit
0
WeVote Research Nonpartisan
Bill Summary · SB 633

Legislative bill overview

SB 633 would eliminate Michigan's state historic preservation tax credit, which currently allows taxpayers to claim credits against their individual income tax liability for certain historic preservation expenses. The bill amends sections of the Michigan Tax Code that establish and govern this tax credit program.

Why is this important

Historic preservation tax credits incentivize property owners to restore and maintain historically significant buildings, which supports local economies, tourism, and cultural heritage preservation. Eliminating this credit would remove a financial incentive for these projects and could affect both historic property owners and communities relying on preservation-driven revitalization efforts.

Potential points of contention

  • Budget impact: The credit elimination would increase state tax revenue, but supporters of historic preservation argue this gain comes at the cost of lost economic activity and property investment in historic districts
  • Property owner burden: Current and prospective historic property owners would lose a financial incentive to undertake expensive restoration projects, potentially making such work unaffordable for some
  • Community development: Historic preservation often anchors neighborhood revitalization and tourism; eliminating incentives could slow these community benefits, particularly in smaller cities and rural areas

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.