The restoration of an angel tax credit in Michigan looks doubtful before the present legislative term expires at the end of the year.
The bills sponsored by Republican Rep. Jeff Farrington of Utica cleared committee last month on narrow votes and continue to sit in the Republican-controlled state House. Leadership in the House has told Farrington “that given the limited time left in session this term, the bills are not a priority, especially with the less than overwhelming support they received coming out of committee,” he wrote in an email to MiBiz.
