MI HB5752

Allows taxpayers to claim a 50% tax credit against individual income tax for qualified investments made in qualified organizations between January 1, 2022 and December 31, 2026, subject to Michigan Strategic Fund certification at least 60 days prior to investment.

Restricts credit eligibility for taxpayers convicted of felonies involving fiduciary obligations, fund misappropriation, theft, fraud, misrepresentation, or corruption.

Caps total credits certified statewide at $25,000,000 per calendar year across both sections 280 and 674.

Allows unused credits exceeding annual tax liability to carry forward for up to 5 years without refund; qualified investments must support community development in distressed areas or for low-income populations (defined as families earning up to 80% of median area income).

Requires Michigan Strategic Fund to distribute certificates to governor, legislative leadership, and fiscal agencies; bill takes effect only if HB 5753 is enacted.