Individual income tax: credit; low income housing tax credit; provide for. Amends sec. 22 of 1966 PA 346 (MCL 125.1422) & adds sec. 22e. TIE BAR WITH: SB 0967’26, SB 0968’26
Key claim: Michigan Senate Bill 0966 amends the state individual income tax to provide a low income housing tax credit, expanding state-level support for affordable housing development.
Abstract
(SB0966 · 103rd Legislature) Individual income tax: credit; low income housing tax credit; provide for. Amends sec. 22 of 1966 PA 346 (MCL 125.1422) & adds sec. 22e. TIE BAR WITH: SB 0967’26, SB 0968’26 Latest action (2026-07-03): Ordered Enrolled
Why this matters
A state low income housing tax credit would create a new Michigan-level subsidy layer on top of the federal LIHTC program, potentially expanding the pipeline of affordable rental units financed in the state. For taxpayers it commits future income tax revenue to housing production; for developers and housing authorities it changes the financing math for qualifying projects. The tie-bar with SB 0967 and SB 0968 indicates a coordinated multi-bill package whose effect depends on all pieces being enacted.