MI HB6018

Allows taxpayers to claim a credit against Michigan income tax equal to sales or use tax paid for textbooks purchased during the tax year for themselves or their dependents if they are eligible students, effective for tax years beginning January 1, 2024

Defines "eligible student" as individuals awarded a federal Pell grant, currently enrolled and attending an eligible institution in Michigan, and maintaining satisfactory academic progress, including graduate or professional students who would have qualified for a Pell grant as undergraduates based on financial need

Defines "eligible institution" as vocational schools or higher education institutions eligible to participate in federal student aid programs, and "textbook" as any book or written material required by the institution for its courses

Requires taxpayers to submit receipts and reasonable proof of student status and tax payments to the Department of Treasury

Allows any credit amount exceeding the taxpayer's tax liability to be refunded to the taxpayer