Individual income tax: deductions; certain broadband expansion grants; deduct from taxable income. Amends secs. 30, 623 & 815 of 1967 PA 281 (MCL 206.30 et seq.).

Senate Bill 209 proposes to amend Michigan's Income Tax Act of 1967. This bill would allow individuals to deduct certain broadband expansion grants from their taxable income. By doing so, it would reduce the amount of income subject to state tax for those who receive these grants. The changes would impact sections 30, 623, and 815 of the existing act, which define taxable income and related provisions.