MI HB6210

Adds a new deduction allowing taxpayers to deduct grants awarded under the teachers student loan forgiveness program for tax years beginning January 1, 2021 and later, to the extent included in adjusted gross income.

Removes references to "senior citizen" from subsections defining that term in section 30, and consolidates the definition into a new subsection (10)(b) that cross-references section 514.

Corrects a technical error by changing references from "chapter 532" to "chapter 531" of the federal Social Security Act in subsection (9)(d).

Clarifies language regarding ABLE (Achieving a Better Life Experience) savings accounts by spelling out the full program name instead of using the acronym, and specifies the deduction applies to tax years beginning after December 31, 2015.

Bill only takes effect if Senate Bill No. (unspecified) or House Bill No. 6209 is enacted into law, establishing a tie-bar requirement with companion legislation.