Michigan employers licensed to sell alcohol, such as bars and restaurants, can claim a $250 tax credit for each employee who completes required training on preventing positional asphyxiation. This training is specifically designed for staff members, including bouncers, whose job duties involve the potential restraint of other individuals. The bill mandates that employers cover the costs of this instruction to qualify for the credit against their state income tax withholdings. These provisions are set to take effect for tax years beginning on or after January 1, 2027, provided two related bills from the current legislative session are also enacted into law.
Michigan House Bill 6271 creates a new individual income tax credit for taxpayers who pay local building permit fees to construct a new single-family home. Starting with the 2027 tax year, eligible individuals can claim a credit equal to their actual permit costs, up to a maximum of $2,500 per year. The bill requires taxpayers to provide reasonable proof of these expenses to the state department if requested. If the total credit amount is greater than the taxpayer's annual income tax liability, the excess portion must be refunded to the taxpayer rather than being lost.
This bill creates a state income tax credit for advanced practice registered nurses who serve as preceptors for nursing student clinical rotations in Michigan. Eligible nurses can claim up to $1,500 annually, calculated at $500 for every 250 hours of supervision provided, provided they do not receive separate payment for these duties. To receive the credit, nurses must submit a written statement and documentation verifying their hours to the state tax department. The legislation also requires the state to report annually on the number of claims and total credits issued to assess the program's effectiveness.
This bill creates a new "Make It In Michigan" tax credit program designed to encourage recent college graduates to live and work in the state. To qualify, individuals must be Michigan residents employed by local businesses and must have earned a bachelor's degree or higher from an accredited institution after the law takes effect. The legislation defines specific terms for eligible employees, students, and loans, while also renaming existing tax credits under sections 279a, 279b, 679, and 679a to reflect this new program name. Crucially, the bill will not become effective unless four companion bills regarding the program's funding and administration are also passed into law.
This bill modifies the definition of a homestead and adjusts how property tax credits are calculated for Michigan residents. It clarifies that unoccupied property leased to others is excluded from homestead status and sets specific acreage limits for agricultural land based on how long a claimant has lived there. Additionally, the legislation updates the rules for determining household resources by excluding certain business, rental, and operating losses from income calculations. These changes directly affect homeowners and renters who rely on property tax credits and aim to refine the criteria used to determine eligibility.
This bill proposes a tax credit for Michigan homeowners who build or contract to build an accessory dwelling unit, such as a detached structure or converted garage, on their property. Starting in the 2026 tax year, eligible taxpayers can claim a credit equal to 20% of the construction costs, provided they submit reasonable proof of expenses to the tax department. If the credit amount is larger than the taxpayer's current tax liability, the unused portion can be carried forward to future years rather than being refunded. The legislation defines an accessory dwelling unit as a secondary living space on the same property as the main home and sets the credit effective date for tax years beginning on or after January 1, 2026.
This bill creates a new tax credit for Michigan employers who pay student loans for employees who did not graduate from an in-state high school or earn a degree from an in-state college. To qualify, the employee must have moved to Michigan to work for the employer after obtaining a bachelor's degree or higher from an out-of-state institution, and the employer can claim a credit equal to 25% of the loan payments made, up to a limit of 20% of the average yearly tuition at a public Michigan university. Employers must submit specific documentation to the state department to prove the payments and employee details, and any unused portion of the credit can be refunded to the employer. This measure is part of a larger package of related bills aimed at encouraging companies to hire graduates from outside the state.
SB 1045 clarifies the definition of "owner" for Michigan's homestead property tax credit by explicitly including individuals who place their primary residence into a revocable trust or a qualified personal residence trust. This change ensures that people using these specific types of trusts to hold their homes can still qualify for the tax credit, which is designed to help offset property taxes for homeowners. The bill amends the state's income tax act to update this eligibility rule without altering other parts of the tax code or the credit amount itself.
This bill creates a state income tax credit for individuals who moved to Michigan for a job after earning a degree out of state. To qualify, the taxpayer must have relocated for employment with a Michigan-based employer and provide proof of their degree and job. The credit allows them to deduct 25% of their student loan payments for up to 10 years after graduation, but the total amount cannot exceed 20% of the average yearly tuition at a public Michigan university. If the calculated credit is larger than the taxpayer's actual tax bill, the difference is refunded to them. The measure will only take effect if four other related bills are also passed into law.
This bill creates a tax credit for Michigan residents who earned a degree in the state and subsequently stayed or returned to Michigan for a job. Eligible individuals can claim a credit equal to 50% of their student loan payments for a specific tax year, but the total credit cannot exceed 20% of the average annual tuition at a public Michigan university. To receive the benefit, taxpayers must provide proof of their degree, employment within the state, and student loan payments, and they must apply within 10 years of graduating. If the calculated credit is larger than the taxpayer's total tax liability for that year, the difference will be refunded to them. The legislation will only take effect if four companion bills are also passed into law.
