SB556 — Individual income tax: credit; credit for certain qualified dependents; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 281.

SB556 — Individual income tax: credit; credit for certain qualified dependents; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 281. · Informed CitizenryThis bill amends the Income Tax Act of 1967 to create a new individual income tax credit for taxpayers with qualified dependents. For tax years beginning on or after January 1, 2024, a taxpayer may…Open in Informed Citizenry