Bill > HB6065

This bill establishes the "Make It In Michigan Tax Credit Program" to incentivize recent college graduates to either remain in Michigan for work or relocate to the state for employment. The program will offer tax credits, referred to as the "Make It In Michigan Tax Credit," under specific sections of the law. Key definitions are provided: a "postsecondary educational institution" is any college or university that grants degrees; a "qualified employee" is a Michigan resident who has earned a bachelor's or higher degree from such an institution after the bill's effective date; a "qualified student loan" includes state and federal loans used for higher education; a "qualified taxpayer" is a Michigan resident employed in the state who has also earned a qualifying degree; and a "resident" is someone domiciled in Michigan for at least 365 days before a specific tax deadline. This bill is contingent on the enactment of other related bills.