Student Loan Tax Break Legislation Heads To Mich. Senate

Law360, New York (November 14, 2013, 3:21 PM EST) -- A bill that would provide Michigan students a tax credit on their college loans if they choose to stay in-state after graduation cleared a Michigan Senate committee on Wednesday and may go up for a vote by the full chamber in the coming weeks.

The legislation would provide recent graduates of Michigan-based universities with a tax credit equal to 50 percent of the amount paid on a qualified student loan if they decide to live and work in Michigan. Students would be able to use the...
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