Individual income tax: credit; housing opportunity tax credits; create. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 281 & 678. TIE BAR WITH: HB 5805’26, HB 5807’26
Key claim: Michigan created housing opportunity tax credits under the individual income tax act (HB5806, enacted as PA 30’26 with immediate effect).
Abstract
(HB5806 · 103rd Legislature) Individual income tax: credit; housing opportunity tax credits; create. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 281 & 678. TIE BAR WITH: HB 5805’26, HB 5807’26 Sponsor: Rep. Kristian Grant (D) + 2 co-sponsors Latest vote: House Third Reading: Roll Call #335 — 94-12 (passed, 2026-07-03) Latest action (2026-07-21): Assigned Pa 30’26 With Immediate Effect
Why this matters
Enactment of PA 30 of 2026 moves the Housing Opportunity Tax Credit from a proposed package into Michigan statute, creating a new standing individual income tax incentive intended to boost affordable housing production. For taxpayers and developers this establishes a claimable credit vehicle alongside MSHDA administration and the parallel insurance retaliatory tax offset, expanding Michigan’s suite of housing-focused tax expenditures.