HB5640 — Individual income tax: credit; working parent credit; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 272a.

HB5640 — Individual income tax: credit; working parent credit; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 272a. · Informed CitizenryThis bill amends the Income Tax Act of 1967 to create a working parent credit for tax years beginning on or after January 1, 2024. A qualified taxpayer may claim a credit of $5,500.00 for each qual…Open in Informed Citizenry