MI SB0128

Allows taxpayers to claim a credit equal to 50% of cash and food contributions made to homeless shelters, food kitchens, food banks, or similar entities in Michigan that provide overnight accommodation or meals to indigent persons, effective for tax years beginning January 1, 2023

Limits maximum credit to $100 for individual taxpayers or $200 for joint returns; for resident estates or trusts, the maximum credit is 10% of tax liability or $5,000, whichever is less

Requires taxpayers to obtain written acknowledgment from the recipient organization confirming the contribution was made, and restricts credits to contributions that would be tax-deductible under federal law

Prohibits resident estates and trusts from deducting the contribution amount in calculating federal taxable income when claiming this credit

Requires the Department of Treasury to determine within 30 days whether contributions to specific entities qualify for the credit upon request