MI HB6433

Allows taxpayers to claim a credit against Michigan income tax equal to 50% of charitable contributions made to homeless shelters, food kitchens, food banks, or similar entities providing food or overnight accommodation to indigent persons, effective for tax years beginning January 1, 2019.

Limits credit to $100 for individual taxpayers ($200 for joint returns) and 10% of tax liability or $5,000 (whichever is less) for resident estates and trusts.

Includes contributions of food items made through vendor matching programs where the vendor contributes similar items in the same tax year.

Excess credits that surpass a taxpayer's tax liability are not refunded.

Contingent on enactment of HB 6434 or Senate Bill No. ____ to take effect.