Individual income tax: deductions; deduction for income attributable to bitcoin mining under the bitcoin program; provide for. Amends secs. 30, 623 & 815 of 1967 PA 281 (MCL 206.30 et seq.). TIE BAR WITH: HB 4512'25

HB 4513 creates a new tax deduction for income earned from bitcoin mining under Michigan's existing "bitcoin program." It directly affects bitcoin miners operating within Michigan's designated program by allowing them to deduct this income when calculating their state individual income tax. The bill amends specific sections of Michigan's tax code (sections 30, 623, and 815) to add this deduction, making it a concrete policy change for eligible miners. This deduction is separate from other standard tax adjustments detailed in the bill.