Michigan HB4825 provides a tax credit for beverage distributors on returnable containers.

Michigan HB4825 amends the state's corporate income tax law to allow distributors of beverage containers to claim a tax credit. Starting from tax years beginning after January 1, 2026, distributors can claim a credit of $0.005 per returnable container sold. This credit amount will be adjusted annually based on the United States Consumer Price Index. Distributors must attach a required report to their annual tax return to be eligible for this credit. The credit applies to partnerships, limited liability companies, and subchapter S corporations based on the proportionate share of ownership.

Michigan HB4825 provides a tax credit for beverage distributors on returnable containers.

Michigan HB4825 amends the state's corporate income tax law to allow distributors of beverage containers to claim a tax credit. Starting from tax years beginning after January 1, 2026, distributors can claim a credit of $0.005 per returnable container sold. This credit amount will be adjusted annually based on the United States Consumer Price Index. Distributors must attach a required report to their annual tax return to be eligible for this credit. The credit applies to partnerships, limited liability companies, and subchapter S corporations based on the proportionate share of ownership.