Corporate income tax: credits; film incentive credit; restore. Amends secs. 701, 703 & 843 of 1967 PA 281 (MCL 206.701 et seq.) & adds secs. 285 & 678. TIE BAR WITH: HB 5992’26
Key claim: Michigan HB 5991 would restore a film incentive credit under the state corporate income tax, amending the Income Tax Act of 1967 and tied to HB 5992.
Abstract
(HB5991 · 103rd Legislature) Corporate income tax: credits; film incentive credit; restore. Amends secs. 701, 703 & 843 of 1967 PA 281 (MCL 206.701 et seq.) & adds secs. 285 & 678. TIE BAR WITH: HB 5992’26 Sponsor: Rep. Douglas Wozniak ® + 11 co-sponsors In committee: H Government Operations Latest action (2026-05-20): Bill Electronically Reproduced 05/19/2026
Why this matters
Michigan previously operated a film incentive program that was wound down over a decade ago; restoring it as a corporate income tax credit would change the tax bill for qualifying film and media producers and create a new state expenditure through the tax code. For taxpayers and economic development watchers, the proposal revives a long-running debate over whether targeted industry credits deliver commensurate jobs and activity. Because HB 5991 is tie-barred to HB 5992, the credit’s fate depends on the companion bill advancing in tandem.