Corporate income tax: credits; credit for student loan payments made by employer on behalf of a qualified employee who did not receive a diploma or degree from an institution located in this state; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 679a. TIE BAR WITH: HB 6061'26, HB 6062'26, HB 6063'26, HB 6065'26

This bill would allow Michigan taxpayers to claim a credit against their income tax for payments made on qualified student loans for certain employees. The credit would be 25% of the amount paid, up to a yearly limit, for employees who moved to Michigan for work after earning a higher degree from an out-of-state school. To receive the credit, the taxpayer must provide proof of payments and employee information to the state.

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