Corporate income tax: credits; charitable food tax credit program; create. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279 & 679.

HB 5166 creates a new tax credit program to improve food security by allowing certain food businesses (like farms, processors, or distributors) to claim a 65% credit against their state income tax for donating food to certified organizations. Qualified organizations - such as food pantries, soup kitchens, shelters, or regional food banks - must apply for certification annually and provide donors with written acknowledgments detailing the donation. The credit is capped at 50% of the business’s tax liability or $10,000 per year, whichever is lower, and must be claimed with annual tax returns. This directly affects food businesses making donations and certified food providers serving communities facing hunger.