Individual income tax: credit; e-bike transportation incentive program act; create. Creates new act.

This bill establishes the Michigan e-bike transportation incentive program to provide financial assistance for purchasing electric bicycles. It creates a process where the state issues discount vouchers to residents who are at least 18 years old and meet specific eligibility criteria, such as participating in certain assistance programs or having a household income below 300% of the federal poverty level. Qualified residents receive a voucher worth up to $300, while income-qualified residents receive up to $600, both capped at 90% of the bike's price and limited to one per person. The program requires retailers to register with the state and mandates that vouchers be redeemed within one year, with the initiative set to end on December 31, 2028.