SB514 — Corporate income tax: credits; distributor credit for returnable containers; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279 & 679. TIE BAR WITH: SB 512'25

SB514 — Corporate income tax: credits; distributor credit for returnable containers; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279 & 679. TIE BAR WITH: SB 512'25 · Informed CitizenryThis bill amends the Income Tax Act of 1967 to create a corporate income tax credit for distributors who originate deposits on beverage containers. Starting in the tax year beginning January 1, 202…Open in Informed Citizenry