Individual income tax: credit; payroll withholding credit; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 714. TIE BAR WITH: HB 5292'25

HB 5293 creates a tax credit for Michigan employers that create new, qualified jobs. Employers can claim a credit equal to 50% of income tax withheld on new jobs meeting specific criteria (permanent, full-time positions paying at least 150% of the local "prosperity region" median wage, exceeding the employer's September 2025 job count). The credit applies to tax years 2026-2035, with a $50 million annual cap and minimum allocations for small ($10M), medium ($15M), and large ($25M) employers. Employers must submit claims by March 15 each year, and unused credits can be carried forward for up to three years. This directly affects employers in Michigan’s designated economic regions seeking to expand their workforce.