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MI SB0887
Bill
AI Summary
- Allows employers to claim a tax credit equal to 100% of wages paid to employees during paid organ donation leave for tax years beginning January 1, 2024 and after
- Maximum credit per employee limited to 12 weeks of paid organ donation leave, which must be offered in addition to other paid leave benefits
- Requires employees to provide written physician verification of organ donor status to qualify, and leave may be used before, during, or after the organ donation procedure
- Unused credits may be carried forward for 3 years to offset future tax liability but cannot be refunded
- Flow-through entity members may claim credits based on their distributive share of business income or through an alternative method approved by the department
Legislative Description
Corporate income tax: credits; employer credit for paid organ donation leave; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279 & 679.
Individual income tax: credit
Last Action
Referred To Committee On Finance, Insurance, And Consumer Protection
5/30/2024
Committee Referrals
Finance, Insurance, And Consumer Protection5/30/2024
Full Bill Text
No bill text available