Bill Text: MI HB4514 | 2009-2010 | 95th Legislature | Engrossed

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Bill Title: Income tax; credit; eligibility for state earned income tax credit; require taxpayer to be resident for at least 6 months. Amends sec. 272 of 1967 PA 281 (MCL 206.272). TIE BAR WITH: SB 0838'09, SB 0884'09

Spectrum: Moderate Partisan Bill (Democrat 10-2)

Status: (Introduced - Dead) 2010-02-25 - Laid Over One Day Under The Rules [HB4514 Detail]

Download: Michigan-2009-HB4514-Engrossed.html

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HB-4514, As Passed Senate, October 8, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SENATE SUBSTITUTE FOR

 

HOUSE BILL NO. 4514

 

 

 

 

 

 

 

 

 

 

 

 

     A bill to amend 1967 PA 281, entitled

 

"Income tax act of 1967,"

 

by amending section 272 (MCL 206.272), as added by 2006 PA 372.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 272. (1) For Subject to subsection (2), for the following

 

tax years that begin after December 31, 2007, a taxpayer may credit

 

against the tax imposed by this act an amount equal to the

 

specified percentages of the credit the taxpayer is allowed to

 

claim as a credit under section 32 of the internal revenue code for

 

a tax year on a return filed under this act for the same tax year:

 

     (a) For tax years that begin after December 31, 2007 and

 

House Bill No. 4514 as amended October 8, 2009

 

before January 1, 2009 <<2010>>, 10%.

 

     (b) For tax years that begin after December 31, 2008 <<2009 and

 

before January 1, 2011, 12.5%.

 

     (c) For tax years that begin after December 31, 2010 and before

 

January 1, 2012, 15%.

 

     (d) For tax years that begin after December 31, 2011 and before

 

January 1, 2013, 17.5%.

 

     (e) For tax years that begin after December 31, 2012>>, 20%.

 

     (2) For the 2009 tax year and each tax year after 2009, to be

 

eligible to claim the credit under this section the taxpayer must

 

have been a resident of this state for at least 6 months of the

 

same tax year for which the credit under this section is sought.

 

     (3) (2) If the credit allowed by this section exceeds the tax

 

liability of the taxpayer for the tax year, the state treasurer

 

shall refund the excess to the taxpayer without interest, except as

 

provided in section 30 of 1941 PA 122, MCL 205.30.

 

     <<Enacting section 1. This amendatory act does not take effect

 

unless all of the following bills of the 95th Legislature are enacted

 

into law:

     (a) Senate Bill No. 838.

     (b) Senate Bill No. 884.>>