Companies must keep 95% of jobs to keep tax breaks

Corporate income tax: credits; ability to claim certain certificated credits against corporate income tax liability; provide for, and repeal Michigan business tax act. Amends secs. 605 & 680 of 1967 PA 281 (MCL 206.605 & 206.680); adds sec. 670 & repeals 2007 PA 36 (MCL 208.1101 - 208.1519). TIE BAR WITH: HB 5293'25

Introduced· 2025-11-13

Who's it for

Who's it for: Workers

What it means for you

8/10Helps you

Good for everyday people ·

Plain‑English summary, cross‑checked against the official bill text.

This bill would force corporations to keep at least 95% of their Michigan workers if they want to keep cashing in on old state tax credits.

Our take

What we think, in plain words.

For years, Michigan has been paying out billions in old corporate tax credits that were promised before 2012. This bill finally puts a leash on those payouts. It spreads the remaining credits over ten years to protect the state budget from sudden shocks. Most importantly, it adds a strict rule: if a company cuts its workforce by more than 5%, it loses the rest of its tax breaks forever. It is a smart way to hold big business accountable and protect local jobs.

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The facts

What the bill actually says, no spin.

Repeals the outdated Michigan Business Tax Act starting in 2026.
Moves old, pre-2012 corporate tax credits into the current tax system.
Spreads the remaining payouts evenly over 10 years to help the state budget.
Requires companies to keep at least 95% of the full-time jobs they had in September 2025.
Cancels the tax credit for any year (and all future years) if a company drops below that 95% job mark.