Individual income tax: credit; credit for student loan payments made by certain taxpayers who remained in or returned to this state for employment; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 279a. TIE BAR WITH: HB 6062'26, HB 6063'26, HB 6064'26, HB 6065'26

This bill creates a new income tax credit for qualified taxpayers in Michigan who pay off student loans. To qualify, individuals must have graduated from a Michigan high school or received a higher education degree from a Michigan institution, and then worked in the state. The credit can cover up to 50% of student loan payments, with a yearly cap, and is available for 10 years after graduation.

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

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