HB6081 — Individual income tax: deductions; deduction from taxable income for distributions from a baby bond trust account for eligible expenditures; provide for. Amends sec. 30 of 1967 PA 281 (MCL 206.30).

HB6081 — Individual income tax: deductions; deduction from taxable income for distributions from a baby bond trust account for eligible expenditures; provide for. Amends sec. 30 of 1967 PA 281 (MCL 206.30). · Informed CitizenryThis bill amends the Income Tax Act of 1967 to provide for a deduction from taxable income for distributions from a baby bond trust account used for eligible expenditures. It also includes provisio…Open in Informed Citizenry