HB5628 — Individual income tax: credit; refundable credit to cover the cost of basic needs; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 282.

HB5628 — Individual income tax: credit; refundable credit to cover the cost of basic needs; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 282. · Informed CitizenryThis bill amends the Income Tax Act of 1967 to create a new refundable tax credit for tax years beginning on or after January 1, 2024. The credit amount is calculated by multiplying the tax rate by…Open in Informed Citizenry