State Rep. Nancy Jenkins-Arno (R-Rollin Township) celebrated the advancement of her plan to allow individuals who invest in qualifying Michigan‑based businesses to claim a significant income tax credit.

Under House Bill 4816, a taxpayer who makes a certified qualified investment in a Michigan‑headquartered business may claim a credit equal to 50 % of that investment. The credit is limited to a maximum of $3,000 per investor per business, and $3,000 total per investor per tax year.

“Michigan’s small and growing businesses are the backbone of our economy,” said Jenkins-Arno. “These are the businesses that create jobs, innovate, and stay rooted in our communities. This bill gives Michiganders a real opportunity to invest in their state and local companies and be rewarded for it. Supporting homegrown businesses means strengthening our communities and growing Michigan from the inside out.”

Jenkins‑Arno worked on this bill with Chris Miller, CEO of the National Coalition for Community Capital and a local resident of Adrian, Michigan. Miller played a key role in inspiring this bill and providing guidance through the process.

“Chris Miller brought the idea of how ordinary citizens can invest in Michigan’s future,” said Jenkins‑Arno. “His work with community-based investment and local entrepreneurship helped us craft a plan that gives real opportunity to local investors and businesses.”

The House Finance Committee voted to advance HB 4816 to the House Rules Committee with bipartisan support for further consideration.