Michigan SB1155 allows corporate income tax deductions for expenses related to certain broadband expansion grants.

Michigan SB1155 amends the state's corporate income tax law to allow deductions for expenses attributable to eligible grants aimed at broadband expansion. These grants include those from the Broadband Expansion Act of Michigan, the Broadband Equity, Access, and Deployment Program, the Middle Mile Grant Program, and the Connect America Fund. The deductions apply to tax years beginning on and after January 1, 2026, and are limited to the extent the expenses were deducted in computing federal taxable income.

Michigan SB1155 allows corporate income tax deductions for expenses related to certain broadband expansion grants.

Michigan SB1155 amends the state's corporate income tax law to allow deductions for expenses attributable to eligible grants aimed at broadband expansion. These grants include those from the Broadband Expansion Act of Michigan, the Broadband Equity, Access, and Deployment Program, the Middle Mile Grant Program, and the Connect America Fund. The deductions apply to tax years beginning on and after January 1, 2026, and are limited to the extent the expenses were deducted in computing federal taxable income.