KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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SB115 • 2026

Individual income tax: credit; credit for certain investments in Michigan businesses; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 281.

Individual income tax: credit; credit for certain investments in Michigan businesses; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 281.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Joseph N. Bellino Jr. (District 16)
Last action
2025-03-05
Official status
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Individual income tax: credit; credit for certain investments in Michigan businesses; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 281.

Individual income tax: credit; credit for certain investments in Michigan businesses; provide for.

What This Bill Does

  • Individual income tax: credit; credit for certain investments in Michigan businesses; provide for.
  • Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec.
  • 281.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-03-05 SJ 20 Pg. 160

    INTRODUCED BY SENATOR JOSEPH BELLINO

  2. 2025-03-05 SJ 20 Pg. 160

    REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Official Summary Text

Individual income tax: credit; credit for certain investments in Michigan businesses; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 281.