← All regulatory updates

state_legiscan_drain · MI

Corporate income tax: credits; credit for student loan payments made by employer on behalf of a qualified employee who received a diploma or degree from an institution located in this state; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 679. TIE BAR WITH: HB 6061'26, HB 6062'26, HB 6064'26, HB 6065'26

June 9, 2026

Summary

If enacted, this bill would create a corporate income tax credit for employers that make student loan payments on behalf of employees who earned a diploma or degree from a Michigan institution. The credit is intended to incentivize employer assistance with student debt for graduates from in-state schools. The bill amends the Corporate Income Tax Act by adding a new section.

AI-generated summary · Jun 14, 2026. Verify with your compliance counsel before acting.

How this was generated

We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.

Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6063

Common questions

What does "Corporate income tax: credits; credit for student loan payments made by employer on behalf of a qualified employee who received a diploma or degree from an institution located in this state; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 679. TIE BAR WITH: HB 6061'26, HB 6062'26, HB 6064'26, HB 6065'26" cover?
If enacted, this bill would create a corporate income tax credit for employers that make student loan payments on behalf of employees who earned a diploma…
When was it published?
It was published on June 9, 2026.

Stop missing the rule that costs you a loan.