Bill Text: MI HB4182 | 2019-2020 | 100th Legislature | Introduced

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Bill Title: Corporate income tax; credits; incentive for certain taxpayers that provide child care for their employees; create. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 675.

Spectrum: Partisan Bill (Democrat 13-0)

Status: (Introduced - Dead) 2019-02-14 - Bill Electronically Reproduced 02/13/2019 [HB4182 Detail]

Download: Michigan-2019-HB4182-Introduced.html

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HOUSE BILL No. 4182

 

 

February 13, 2019, Introduced by Reps. Lasinski, Anthony, Shannon, Love, Hood, Clemente, Pagan, Cynthia Johnson, Gay-Dagnogo, Kennedy, Hope, Pohutsky and Ellison and referred to the Committee on Tax Policy.

 

     A bill to amend 1967 PA 281, entitled

 

"Income tax act of 1967,"

 

(MCL 206.1 to 206.713) by adding section 675.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 675. (1) For tax years that begin after December 31,

 

2018, a taxpayer may claim a credit against the tax imposed by this

 

part equal to 50% of the taxpayer's expenses paid in the tax year

 

to provide a child care center for the taxpayer's employees at the

 

site where those employees are employed minus all payments to the

 

taxpayer for child care services from a parent of the children

 

being cared for or from any other source.

 

     (2) The expenses that may be used to calculate the credit

 

under this section include, but are not limited to, all of the

 

following:

 

     (a) Compensation paid to child care providers.

 

     (b) Purchase of supplies, equipment, food, or other similar

 

items used exclusively to support the provision of child care

 

services.

 

     (c) Costs of construction, maintenance, or repair to the child

 

care center in which the child care services are provided.

 

     (3) If the credit allowed under this section for the tax year

 

and any unused carryforward of the credit allowed under this

 

section exceed the tax liability of the taxpayer for the tax year,

 

the excess shall not be refunded, but may be carried forward as an

 

offset to the tax liability in subsequent tax years for 10 tax

 

years or until the excess credit is used up, whichever occurs

 

first.

 

     (4) As used in this section, "child care center" means a child

 

care center licensed under 1973 PA 116, MCL 722.111 to 722.128.