Bill > HB6062

This bill, titled "Individual income tax: credit; credit for student loan payments made by certain taxpayers who relocated to this state for employment; provide for," proposes to amend the Income Tax Act of 1967 by adding a new section, 279b. The core of this bill is to create a tax credit for individuals who have relocated to Michigan for employment and are making student loan payments. The bill is contingent on the enactment of several other related bills, as indicated by the "TIE BAR WITH" section and the list of Senate or House Bills that must also become law for this bill to take effect. The provided XML snippet focuses on the enacting clause and the conditions for the bill's effectiveness, rather than detailing the specific provisions of the new tax credit itself.