HB4753 — Corporate income tax: credits; credit for advanced small modular reactors research and development expenses; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 672.

HB4753 — Corporate income tax: credits; credit for advanced small modular reactors research and development expenses; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 672. · Informed CitizenryThis bill amends the Income Tax Act of 1967 to create a new corporate income tax credit for research and development (R&D) expenses. Starting in tax years beginning on or after January 1, 2024, a t…Open in Informed Citizenry