SB308 — Individual income tax: credit; working parent tax credit and advanced monthly payments of that credit; create and provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 272b.

SB308 — Individual income tax: credit; working parent tax credit and advanced monthly payments of that credit; create and provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 272b. · Informed CitizenryThis bill amends the Income Tax Act of 1967 to create a working parent tax credit for tax years beginning on or after January 1, 2025. The credit is equal to $5,500.00 for each qualified dependent…Open in Informed Citizenry