Bill Text: MI HB5246 | 2019-2020 | 100th Legislature | Introduced
Bill Title: Individual income tax; credit; military service tax credit; create. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 280.
Spectrum: Partisan Bill (Democrat 41-0)
Status: (Introduced - Dead) 2019-11-20 - Bill Electronically Reproduced 11/20/2019 [HB5246 Detail]
Download: Michigan-2019-HB5246-Introduced.html
HOUSE BILL NO. 5246
November 13, 2019, Introduced by Reps. Haadsma,
Robinson, Wittenberg, Elder, Kuppa, Peterson, Hope, Cambensy, Manoogian,
Sabo, Byrd, Garrett, Cynthia Johnson, Ellison, Yancey, Garza, Liberati,
Tyrone Carter, Tate, Hammoud, Shannon, Camilleri, Greig, Koleszar, Bolden,
Sowerby, Gay-Dagnogo, Lasinski, Hood, Coleman, Rabhi, Stone, Pohutsky,
Hertel, Chirkun, Sneller, Cherry, Whitsett, Kennedy, Brenda Carter and
Witwer 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 280.
the people of the state of michigan enact:
Sec. 280. (1) For tax years that begin on and after January 1, 2020, subject to the limitations under this section, a taxpayer who is a qualified veteran may claim a credit against the tax imposed by this part of $750.00 for a single return or if both spouses filing a joint return are qualified veterans, $1,500.00 for a joint return. The credit allowed under this section shall be reduced by 10% for each taxpayer whose adjusted gross income exceeds $50,000.00 and by an additional 10% for each increment of $1,000.00 of adjusted gross income in excess of $50,000.00.
(2) If the credit allowed under this section exceeds the tax liability of the taxpayer for the tax year, that portion of the credit that exceeds the tax liability shall not be refunded.
(3) As used in this section:
(a) "Qualified veteran" means a veteran who separated from military service during the tax year and who satisfies at least 1 of the following:
(i) Has served at least 20 years in the military.
(ii) Has been determined by the United States Department of Veterans Affairs to be permanently and totally disabled as a result of military service and entitled to veterans' benefits at the 100% rate.
(iii) Has been determined by the United States Department of Veterans Affairs to be eligible for pension or other retirement benefits for services in the United States Armed Forces.
(b) "Veteran" means an individual who served in the United States Armed Forces, including reserve components, and was discharged or released under conditions other than dishonorable.
