Individual income tax: credit; qualified child tax credit; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 277.

This bill proposes a new state income tax credit for Michigan residents with children for tax years beginning in 2025 through 2028. It allows taxpayers to claim a $500 credit for each dependent who is under 19 years old at the end of the tax year, provided they already claimed an exemption for that child. The credit is non-refundable, meaning it can only reduce the amount of tax owed and cannot result in a refund if the credit exceeds the tax liability. This measure directly affects families with young children who file state income tax returns during the specified period.