Bill
HB 5682
Individual income tax: exemptions; broadband expansion grants; exempt from taxable income. Amends secs. 30, 623 & 815 of 1967 PA 281 (MCL 206.30 et seq.).
2023-2024 Regular Session
Introduced by Joey Andrews and 15 co-sponsors
HB 5682 exempts eligible broadband grant proceeds from Michigan income tax for tax years 2023+ but requires add-backs for expenses tied to those grants to prevent double benefits.
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION