HB4248 — Individual income tax: credit; credit for donations to endowment fund of community foundations; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 261. TIE BAR WITH: HB 4247'25

HB4248 — Individual income tax: credit; credit for donations to endowment fund of community foundations; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 261. TIE BAR WITH: HB 4247'25 · Informed CitizenryBeginning with tax years on and after January 1, 2025, a taxpayer may claim a credit against Michigan income tax equal to 50% of the amount contributed during the tax year to an endowment fund of a…Open in Informed Citizenry