MI HB5593

Allows taxpayers a credit against income tax equal to 40% of salaries paid to a qualified intern or $600, whichever is less.

Increases the maximum credit by $75 per qualified intern for taxpayers employing 3 or more qualified interns during the tax year.

Unused credits may be carried forward for up to 10 years to offset future tax liability, but are not refundable.

Defines a "qualified intern" as a student enrolled in good standing at a vocational school or state institution of higher education, employed in Michigan for at least 6 weeks at 14+ hours per week, paid minimum wage, and working in their field of study.