Michigan HB6271 provides a tax credit for local building permit costs associated with constructing new single-family residential units.

Michigan HB6271 introduces a tax credit for individual income taxpayers beginning in 2027. The credit is equal to the sum of costs paid for local building permits related to the construction of new single-family residential dwellings, up to a maximum of $2,500 per tax year. If the credit exceeds the taxpayer's liability, the excess amount will be refunded. The Department of Treasury may require reasonable proof from the taxpayer to substantiate the claimed building permit expenses.

Michigan HB6271 provides a tax credit for local building permit costs associated with constructing new single-family residential units.

Michigan HB6271 introduces a tax credit for individual income taxpayers beginning in 2027. The credit is equal to the sum of costs paid for local building permits related to the construction of new single-family residential dwellings, up to a maximum of $2,500 per tax year. If the credit exceeds the taxpayer's liability, the excess amount will be refunded. The Department of Treasury may require reasonable proof from the taxpayer to substantiate the claimed building permit expenses.