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Bill > SB0209
MI SB0209
Individual income tax: deductions; certain broadband expansion grants; deduct from taxable income. Amends secs. 30, 623 & 815 of 1967 PA 281 (MCL 206.30 et seq.).
summary
Introduced
04/16/2025
04/16/2025
In Committee
04/16/2025
04/16/2025
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1967 PA 281, entitled"Income tax act of 1967,"by amending sections 30, 623, and 815 (MCL 206.30, 206.623, and 206.815), section 30 as amended by 2023 PA 4 and section 623 as amended and section 815 as added by 2021 PA 135.
AI Summary
This bill amends Michigan's Income Tax Act to provide a tax deduction for broadband expansion grants. Specifically, for individual, corporate, and flow-through entity income taxes, the bill allows taxpayers to deduct grant money received from various federal, state, and local programs aimed at providing, improving, or expanding broadband access. The list of eligible grants includes numerous federal and state programs such as the Broadband Expansion Act of Michigan, the Broadband Equity, Access, and Deployment Program, and the Rural Digital Opportunity Fund, among others. Correspondingly, the bill requires taxpayers to add back any expenses, including depreciation, attributed to these grants. The bill is retroactive, applying to tax years beginning on or after January 1, 2023, and is designed to support efforts to improve broadband infrastructure and digital connectivity across Michigan by providing a tax incentive for entities receiving broadband expansion grants.
Committee Categories
Government Affairs
Sponsors (5)
Last Action
Referred To Committee On Regulatory Affairs (on 04/16/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0209 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/Senate/htm/2025-SIB-0209.htm |
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