Individual income tax: deductions; retirement and pension benefits and student loan forgiveness deductions for certain commissioned officers; provide for. Amends sec. 30 of 1967 PA 281 (MCL 206.30).

HB 5280 adds a new tax deduction for retirement or pension benefits received by commissioned officers serving in the National Oceanic and Atmospheric Administration (NOAA) Commissioned Officer Corps or the U.S. Public Health Service Commissioned Corps, effective January 1, 2026. This change modifies Michigan's income tax code to allow these specific federal service members to deduct such benefits from their taxable income, similar to existing deductions for military and National Guard retirees. The bill directly affects Michigan taxpayers who are commissioned officers in these two federal corps, providing them with a targeted tax benefit for their retirement income. This is a concrete policy change to the state's tax code, not a procedural or commemorative measure.