Individual income tax: credit; credit for student loan payments made by certain taxpayers who relocated to this state for employment; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 279b. TIE BAR WITH: HB 6061'26, HB 6063'26, HB 6064'26, HB 6065'26

This bill creates a new income tax credit for certain individuals who move to Michigan for work. The credit is for 25% of qualified student loan payments made during the tax year, up to a certain limit, for people who earned a higher education degree outside of Michigan and then relocated to Michigan for employment. This credit can be claimed for up to 10 years after graduation and may result in a refund if it exceeds the taxpayer's liability.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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