2008 Senate Bill 1020 ↩

House Roll Call 1116: Passed

To authorize a Michigan Business Tax credit equal to 75 percent of certain contributions made by a firm to the <a href="http://www.michiganvotes.org/2005-SB-640">individual or family development account</a>” program, in which non-profit organizations manage tax exempt accounts of up to $5,000 for a low income person or family, with the beneficiary matching the deposits with money or volunteer work. Money in the accounts can be used for certain education, home acquisition or repair, or business start-up expenses.