Student Loan Repayment Individual Income Tax Credit

Current understanding

HB 6061 would amend the Michigan Income Tax Act (1967 PA 281, MCL 206.1–206.847) by adding sec. 279a to create an individual income tax credit for student loan payments made by taxpayers who remained in or returned to Michigan for employment. The proposal is framed as a talent-retention incentive and is tie-barred with HB 6062, HB 6063, HB 6064, and HB 6065. Dollar figures, eligibility caps, and residency/employment duration requirements are not yet summarized here. Status: introduced.

Evidence log

• 2026-06-09 — Individual income tax: credit; make it in Michigan tax credit program; create. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 279. TIE BAR WITH: HB 6061’26, HB 6062’26, HB 6063’26, HB 6064’26: cross-connection with make-it-in-michigan-tax-credit: HB 6065 (Make It in Michigan credit) is tie-barred with HB 6061 (individual student loan repayment credit) as components of the same talent-retention/attraction package. (novelty: 3)
• 2026-06-09 — Corporate income tax: credits; credit for student loan payments made by employer on behalf of a qualified employee who received a diploma or degree from an institution located in this state; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 679. TIE BAR WITH: HB 6061’26, HB 6062’26, HB 6064’26, HB 6065’26: cross-connection with employer-student-loan-repayment-credit: HB6063 (employer/corporate credit) and HB6061 (individual credit) are companion bills in the same tie-barred talent-retention package, offering parallel tax relief mechanisms to workers and their employers for Michigan-degree student loan payments. (novelty: 3)
• 2026-06-09 — Individual income tax: credit; credit for student loan payments made by certain taxpayers who relocated to this state for employment; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 279b. TIE BAR WITH: HB 6061’26, HB 6063’26, HB 6064’26, HB 6065’26: HB 6062 (introduced) would add sec. 279b to 1967 PA 281 creating an individual income tax credit for student loan payments made by taxpayers who relocated to Michigan for employment — a talent-attraction companion to HB 6061 (retention-focused sec. 279a); tie-barred with HB 6061, HB 6063, HB 6064, and HB 6065. (novelty: 3)

Open questions

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