HB5266 — Individual income tax: other; child care savings program; create. Amends sec. 30 of 1967 PA 281 (MCL 206.30). TIE BAR WITH: HB 5265'23

HB5266 — Individual income tax: other; child care savings program; create. Amends sec. 30 of 1967 PA 281 (MCL 206.30). TIE BAR WITH: HB 5265'23 · Informed CitizenryThis bill amends the Income Tax Act of 1967 to establish a child care savings account. It provides for a tax deduction for contributions made to these accounts, not exceeding $10,000 for a single r…Open in Informed Citizenry