HB 4751 Summary

• Amends the Michigan Income Tax Act to expand the new jobs training program tax credit to include intermediate school districts in addition to community colleges.

• Allows employers and flow-through entities that enter into agreements with intermediate school districts to redirect a portion of withheld income taxes to fund workforce training programs, similar to existing community college arrangements.

• Requires the Department of Treasury to submit annual reports by July 1 to legislative leadership detailing program participation, employer involvement, tax credit amounts, training outcomes, and participant statistics for both community college and intermediate school district programs.

• Provides exemptions from withholding requirements for flow-through entity members who voluntarily elect to file returns and pay taxes under Michigan's business tax, and for members whose withholding would violate federal housing assistance or rural housing service restrictions.

• Takes effect 90 days after enactment and is contingent on passage of HB 4750.