MI HB4247

Creates a 50% income tax credit for cash contributions and qualifying food donations made to Michigan homeless shelters, food kitchens, food banks, and similar organizations serving indigent persons

Limits the credit to $100 for individual filers and $200 for joint returns; resident estates and trusts are limited to the lesser of 10% of tax liability or $5,000

Requires written acknowledgment from the receiving organization documenting the contribution date, amount, and attestations regarding the entity's purpose and compliance with the Elliott-Larsen Civil Rights Act

Defines "persons who are indigent" as those with household income below 140% of the federal poverty level

Takes effect only if HB 4248 or its Senate companion (SB ____) is also enacted into law; credit applies to tax years beginning on or after January 1, 2025