HB 4124: Corporate income tax: credits; credit for advanced small modular reactors research and development expenses; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 677a & 717a. TIE BAR WITH: HB 4127'25, HB 4129'25, HB 4125'25, HB 4126'25, HB 4128'25
Topics
✓ Budget & TaxesSupports Budget & TaxesCreates corporate tax credit for SMR R&D, reducing tax liability for qualifying businesses, aligning with tax relief indicators for business investment.
✓ EnergySupports EnergyCreates tax credit for R&D on advanced nuclear reactors (SMRs), directly funding clean energy infrastructure development in Michigan's energy sector.
✓ TechnologySupports TechnologyBill provides tax credit for R&D in nuclear technology, incentivizing investment in emerging energy tech per its explicit purpose.
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Rep's Stance
✓ Voted Yes
✓ Supports Technology