MI HB4430

Creates a refundable income tax credit equal to the state's target foundation allowance (per-pupil school funding amount) for each qualifying dependent claimed on a taxpayer's return

Qualifying dependents must be between ages 5 and 18 (younger than 19 on the last day of the tax year) and must not be enrolled in a public school during the relevant school year

Qualifying dependents must demonstrate grade-level proficiency in reading and math through state or private assessments, exams, or other testing mechanisms

The credit is fully refundable, meaning taxpayers receive the full amount even if it exceeds their tax liability

The Department of Treasury may require taxpayers to provide reasonable proof that their dependent meets the qualification requirements