MI HB5967

Creates a tax credit for qualified taxpayers employed as teachers, school administrators, or school superintendents at at-risk schools in Michigan, effective for tax years beginning January 1, 2017.

Credit equals 100% of qualified student loan payments made during the tax year by eligible employees.

Defines "at-risk school" as a public or nonpublic elementary or secondary school where at least 50% of students meet income eligibility criteria for free breakfast, lunch, or milk under the National School Lunch Act.

Requires taxpayers to provide proof of Michigan residency and employment at an at-risk school to claim the credit.

Allows refund of any credit amount that exceeds the taxpayer's tax liability for the year.