This bill creates a tax credit for Michigan residents who earned a degree in the state and subsequently stayed or returned to Michigan for a job. Eligible individuals can claim a credit equal to 50% of their student loan payments for a specific tax year, but the total credit cannot exceed 20% of the average annual tuition at a public Michigan university. To receive the benefit, taxpayers must provide proof of their degree, employment within the state, and student loan payments, and they must apply within 10 years of graduating. If the calculated credit is larger than the taxpayer's total tax liability for that year, the difference will be refunded to them. The legislation will only take effect if four companion bills are also passed into law.
This bill allows Michigan employers to claim a tax credit equal to 50% of student loan payments they make on behalf of employees who graduated from in-state schools and work for the company. The credit is limited to 20% of the average yearly tuition at a public university in the state for each employee per year. To receive the benefit, employers must submit detailed proof of payments and employee information to the state tax department. The bill also requires that any unused portion of the credit be refunded to the employer rather than carried forward. It is part of a package of related bills that must all pass together to take effect.
This bill modifies the Michigan Trust Fund Act to establish a permanent Community District Education Trust Fund designed to help schools in specific districts that are currently prohibited from raising local taxes. The fund will be financed by depositing up to $617 million in tobacco settlement revenue starting in fiscal year 2017, with the money used to cover gaps in state funding for these districts. The legislation also sets a sunset provision requiring that any remaining balance in the fund be transferred to the state school aid fund after September 30, 2026.
SB 1074 modifies how state transportation funds are distributed to county road commissions in Michigan. The bill establishes specific allocation rules, requiring a portion of funds to be set aside for snow removal and engineering reimbursement, while directing the remainder toward primary and local road systems based on mileage and population metrics. Additionally, it mandates that the state and county road association create incentives for counties to form purchasing pools to improve fund efficiency. This legislation directly affects county road commissions and the local road networks they manage.
This bill, known as the Data Center Transparency Act, prohibits elected officials in Michigan from signing nondisclosure agreements that keep data center construction details secret. It specifically applies to contracts between local governments and data center owners where the facility is built in exchange for tax incentives. Under the law, any such agreement attempting to hide information about the project would be considered void and unenforceable, while still allowing the redaction of specific intellectual property details. The measure requires that all related bills be passed for this provision to take effect.
Tags
Government Transparency
HB 6037 modifies how Michigan allocates federal highway research, planning, and construction funds to local governments. The bill requires that between 23% and 27% of these specific federal dollars be distributed to local jurisdictions after setting aside funds for competitive grants and federally designated projects. Additionally, it establishes a schedule for increasing state trunk line fund contributions to local road agencies, starting at $25 million in 2023 and rising to $50 million annually by 2027. These funds are intended to support local transportation projects in exchange for federal aid obligation authority, with priority given to matching federal awards and maintaining essential state transportation functions.
This bill amends the Michigan Strategic Fund Act to allow the state to require businesses receiving economic assistance to return funds if they move a call center to another country. Starting in April 2027, the fund's agreements will include a clause that triggers a financial penalty if a recipient is listed on a registry of companies that have offshored call centers. The measure directly affects companies accepting state loans, grants, or other project funding, ensuring they do not relocate customer service operations abroad while receiving public support. The bill will only become effective if a related companion bill is also passed into law.
Tags
Economic Development
This bill modifies Michigan's property tax laws to ensure that farms offering agritourism activities or direct marketing retain their lower agricultural tax classification. It defines agritourism as public events like tours, festivals, and weddings held on the farm, while direct marketing includes selling products directly to consumers at roadside stands or farm stores. The legislation clarifies that engaging in these activities will not cause a property to lose its special tax status, shifting the burden of proof to the state department if a challenge is raised. Additionally, the bill specifies that certain buildings used for these activities, such as on-farm stores or event spaces, count as agricultural outbuildings for tax purposes.
This bill directs a portion of Michigan's individual income tax revenue to the 21st Century Jobs Trust Fund to support the Michigan Innovation Fund program. It establishes a mandatory deposit of $30 million annually into this fund for the 2026-2027 and 2027-2028 fiscal years, with ongoing contributions of $5 million per year beginning in 2029-2030. The legislation also updates the state's existing tax revenue distribution schedule to include these new allocations alongside contributions to other funds like those for housing, roads, and general operations. Importantly, the bill does not take effect unless a companion bill, SB 1073, is also passed into law.
This bill proposes to increase Michigan's corporate income tax rate from 6.0% to 10.0% starting on October 1, 2026. It also modifies how the tax base is calculated by adding back certain interest and dividend income while removing deductions for oil and gas production expenses. Additionally, the legislation establishes a specific distribution plan for the revenue collected, directing funds to the general fund, housing initiatives, placemaking projects, and a strategic reserve.
