Individual income tax: credit; state low-income housing tax credit; create. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279, 679 & 821. TIE BAR WITH: SB 0966’26, SB 0968’26
Key claim: Michigan SB0967 proposes creating a state low-income housing tax credit within the individual income tax act, tied to companion bills SB0966 and SB0968.
Abstract
(SB0967 · 103rd Legislature) Individual income tax: credit; state low-income housing tax credit; create. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 279, 679 & 821. TIE BAR WITH: SB 0966’26, SB 0968’26 Latest action (2026-06-18): Referred To Committee On Regulatory Reform
Why this matters
SB 0967 is the Senate-side individual income tax vehicle for a new Michigan low-income housing tax credit, mirroring the House’s Housing Opportunity Tax Credit package. For taxpayers and developers, it would establish a state-level LIHTC layered on top of the federal credit — a meaningful new subsidy channel for affordable-housing production — but only if all three tie-barred Senate bills (SB 0966, 0967, 0968) are enacted together.