Creates a tax credit program to encourage recent college graduates to stay in or move to Michigan for work.
The bill establishes a "make it in Michigan tax credit" program to incentivize recent college graduates to either remain in or relocate to Michigan for employment. This program, administered by the Department of Treasury, offers tax credits to qualified taxpayers and employees who have earned a bachelor's, master's, or other higher graduate degree from a Michigan postsecondary educational institution. The credits aim to support graduates in their transition into the workforce within the state.
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