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KAS H01002'25_HB6063_INTR_1 297m5c
HOUSE BILL NO. 6063
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.847) by adding section 679.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 679. (1) For tax years beginning on and after the 1
effective date of the amendatory act that added this section and 2
subject to the limitations under this section, a taxpayer may claim 3
a credit against the tax imposed by this part equal to 50% of the 4
amount paid on a qualified student loan by the taxpayer on behalf 5
June 09, 2026, Introduced by Reps. Snyder, Skaggs, Wooden, Morgan, MacDonell, Martus,
Myers-Phillips, McFall, Pohutsky, Price, Longjohn, Glanville, Foreman, Rheingans, Andrews,
Hoskins and Breen and referred to Committee on Economic Competitiveness.
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KAS H01002'25_HB6063_INTR_1 297m5c
of a qualified employee who either graduated from a high school 1
located in this state or received a bachelor's, master's, or other 2
higher graduate degree from a postsecondary educational institution 3
located in this state and remained in, or relocated back to, this 4
state for employment with that taxpayer after obtaining a 5
bachelor's, master's, or other higher graduate degree from a 6
postsecondary educational institution, during the tax year. 7
(2) A taxpayer shall not claim a credit under this section for 8
payments made on a qualified student loan on behalf of any single 9
qualified employee for any single tax year equal to more than 20% 10
of the average yearly tuition to attend a public university located 11
in this state. 12
(3) To be eligible for the credit under this section, the 13
taxpayer in a form as prescribed by the department shall provide 14
reasonable proof in support of payments claimed to be paid on 15
behalf of a qualified employee for that qualified employee's 16
qualified student loan under this section. The form shall include, 17
at a minimum, all of the following: 18
(a) The taxpayer's federal employer identification number or 19
the Michigan treasury number assigned. 20
(b) The name, address, and graduation date of the qualified 21
employee. 22
(c) The date and amount of each payment made toward a 23
qualified student loan. 24
(d) Any other criteria that the department considers 25
appropriate for the determination of eligibility for the credit 26
under this section. 27
(4) If the credit allowed under this section exceeds the 28
taxpayer's tax liability for the tax year, that portion that 29
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KAS H01002'25_HB6063_INTR_1 297m5c
exceeds the tax liability for the tax year must be refunded. 1
Enacting section 1. This amendatory act does not take effect 2
unless all of the following bills of the 103rd Legislature are 3
enacted into law: 4
(a) Senate Bill No. ____ (request no. S00316'25) or House Bill 5
No. 6061 (request no. H00316'25). 6
(b) Senate Bill No. ____ (request no. S00317'25) or House Bill 7
No. 6062 (request no. H00317'25). 8
(c) Senate Bill No. ____ (request no. S01765'25) or House Bill 9
No. 6064 (request no. H01765'25). 10
(d) Senate Bill No. ____ (request no. S04326'25) or House Bill 11
No. 6065 (request no. H04326'25). 12