Michigan 2025-2026 Regular Session Status: Passed Senate 1 D cosponsors

SB 968 — Insurance: other; state low-income housing tax credit; create. Amends secs. 476a & 476b of 1956 PA 218 (MCL 500.476a & 500.476b). TIE BAR WITH: SB 0966'26, SB 0967'26

Last action — referred to Committee on Regulatory Reform

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the Senate. Introduced June 18, 2026. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the House.

Odds of enactment

Moderate chance

Based on the sponsor, cosponsors, and committee posture, this bill has a moderate chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 48% · moderate confidence

  • Passed Senate

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill creates a state low-income housing tax credit in Michigan.

This legislation introduces a new state low-income housing tax credit aimed at supporting affordable housing initiatives. It amends existing insurance laws to establish this credit as part of broader housing policies.

What this means for you
  • Families: This means potential financial support for families seeking affordable housing options.
  • Consumers: This may lead to more affordable housing developments available to consumers.

Summary

Insurance: other; state low-income housing tax credit; create. Amends secs. 476a & 476b of 1956 PA 218 (MCL 500.476a & 500.476b). TIE BAR WITH: SB 0966'26, SB 0967'26

Bill Text

What changed in the latest version

6 added · 5 removed

Plain-language change summary

In the latest version of Bill SB 968, a few lines have been added while some lines from the earlier draft have been removed. This signifies that the bill’s authors are refining its language and content to clarify its intent or improve its effectiveness. Such changes are important because they ensure that the bill better addresses the issues it aims to resolve, making it more likely to gain support and achieve its goals once enacted.

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SENATE BILL NO.
SB-968, As Passed Senate, June 18, 2026 SENATE BILL NO.
(1) Beginning August 3, 1987, whenever, by a law in force outside of this state or country, a domestic insurer or agent of a domestic insurer is required to make a deposit of securities for the protection of policyholders or otherwise, or to make payment for taxes, fines, penalties, certificates of authority, KAS S06323'26 b_SB0968_INTR_1 po42ar 1 valuation of policies, or otherwise, or a special burden or other burden is imposed, greater in the aggregate than is required by the laws of this state for a similar alien or foreign insurer or agent of an alien or foreign insurer, the alien or foreign insurer of that state or country is required, as a condition precedent to its transacting business in this state, to make a like deposit for like purposes with the state treasurer of this state, and to pay to the revenue commissioner for taxes, fines, penalties, certificates of authority, valuation of policies, and otherwise an amount equal in the aggregate to the charges and payments imposed by the laws of the other state or country upon a similar domestic insurer and the agents of a domestic insurer, regardless of whether a domestic insurer or agent of a domestic insurer is actually transacting business in that state or country.
(1) Beginning August 3, 1987, whenever, by a law in force outside of this state or country, a domestic insurer or agent of a domestic insurer is required to make a deposit of securities for the protection of policyholders or otherwise, or to make payment for taxes, fines, penalties, certificates of authority, KAS S06323'26 b_SB968_APS_1 id7wf5 1 valuation of policies, or otherwise, or a special burden or other burden is imposed, greater in the aggregate than is required by the laws of this state for a similar alien or foreign insurer or agent of an alien or foreign insurer, the alien or foreign insurer of that state or country is required, as a condition precedent to its transacting business in this state, to make a like deposit for like purposes with the state treasurer of this state, and to pay to the revenue commissioner for taxes, fines, penalties, certificates of authority, valuation of policies, and otherwise an amount equal in the aggregate to the charges and payments imposed by the laws of the other state or country upon a similar domestic insurer and the agents of a domestic insurer, regardless of whether a domestic insurer or agent of a domestic insurer is actually transacting business in that state or country.
KAS S06323'26 b_SB0968_INTR_1 po42ar 1 (3) Subsection (4) does not apply to a domestic insurer that is owned or controlled, directly or indirectly, by an alien or foreign insurer who prior to 1998 and with the commissioner's approval did not keep books, records, and files or true copies thereof in this state.
KAS S06323'26 b_SB968_APS_1 id7wf5 1 (3) Subsection (4) does not apply to a domestic insurer that is owned or controlled, directly or indirectly, by an alien or foreign insurer who prior to 1998 and with the commissioner's approval did not keep books, records, and files or true copies thereof in this state.
(6) The state treasurer shall administer the tax prescribed by this section in the manner provided in 1941 PA 122, MCL 205.1 to KAS S06323'26 b_SB0968_INTR_1 po42ar 1 205.31.
(6) The state treasurer shall administer the tax prescribed by this section in the manner provided in 1941 PA 122, MCL 205.1 to KAS S06323'26 b_SB968_APS_1 id7wf5 1 205.31.
KAS S06323'26 b_SB0968_INTR_1 po42ar (b) Senate Bill No.
KAS S06323'26 b_SB968_APS_1 id7wf5 (b) Senate Bill No.
Final Page KAS S06323'26 b_SB0968_INTR_1 po42ar
Final Page KAS S06323'26 b_SB968_APS_1 id7wf5
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Action History

  1. referred to Committee on Regulatory Reform

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 146 not signed on · 13 voted No

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (146)

146 members have not signed on to this bill.

Show all 146 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

PASSED ROLL CALL # 140 YEAS 23 NAYS 13 EXCUSED 2 NOT VOTING 0

Passed 23 Yea · 13 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 19100
Republican 41202
Total 231302
% of votes cast 61%34%0%5%
How each member voted (38)
Member Party Vote
Chedrick Greene Democrat Yea
Darrin Camilleri Democrat Yea
Dayna Polehanki Democrat Yea
Erika Geiss Democrat Yea
Jeff Irwin Democrat Yea
Jeremy Moss Democrat Yea
John Cherry Democrat Yea
Kevin Hertel Democrat Yea
Mallory McMorrow Democrat Yea
Mary Cavanagh Democrat Yea
Paul Wojno Democrat Yea
Rosemary Bayer Democrat Yea
Sam Singh Democrat Yea
Sarah Anthony Democrat Yea
Sean McCann Democrat Yea
Stephanie Chang Democrat Yea
Sue Shink Democrat Yea
Sylvia Santana Democrat Yea
Veronica Klinefelt Democrat Nay
Winnie Brinks Democrat Yea
Aric Nesbitt Republican Nay
Dan Lauwers Republican Yea
Edward McBroom Republican Nay
Jim Runestad Republican Not Voting
John Damoose Republican Yea
Jon Bumstead Republican Nay
Jonathan Lindsey Republican Nay
Joseph Bellino Jr. Republican Nay
Kevin Daley Republican Nay
Lana Theis Republican Nay
Mark Huizenga Republican Yea
Michael Webber Republican Yea
Michele Hoitenga Republican Nay
Rick Outman Republican Nay
Roger Hauck Republican Nay
Roger Victory Republican Not Voting
Ruth Johnson Republican Nay
Thomas Albert Republican Nay

Official roll call →

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 968 do?
Insurance: other; state low-income housing tax credit; create. Amends secs. 476a & 476b of 1956 PA 218 (MCL 500.476a & 500.476b). TIE BAR WITH: SB 0966'26, SB 0967'26
Who sponsors SB 968?
SB 968 is sponsored by Jeff Irwin (Democrat).
What is the current status of SB 968?
This bill has passed the Senate. Introduced June 18, 2026. It now moves to the second chamber.
Where can I track SB 968?
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