Bill Text: MI HB5367 | 2019-2020 | 100th Legislature | Introduced
Bill Title: Individual income tax; credit; tax incentive to be certified to perform lead-based paint activities; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 280.
Spectrum: Partisan Bill (Democrat 30-0)
Status: (Introduced - Dead) 2020-01-22 - Bill Electronically Reproduced 01/22/2020 [HB5367 Detail]
Download: Michigan-2019-HB5367-Introduced.html
HOUSE BILL NO. 5367
January 21, 2020, Introduced by Reps. Hood,
Garza, Whitsett, Coleman, Pohutsky, Gay-Dagnogo, Kennedy, Rabhi, Yancey,
Ellison, Sneller, Tate, Bolden, Anthony, Kuppa, Manoogian, Cherry, Hope,
Brixie, Sowerby, Clemente, Sabo, Brenda Carter, Warren, Hammoud, Peterson,
Tyrone Carter, Lasinski, Jones and Love 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 through December 31, 2024, a taxpayer who is
engaged in lead-based paint activity and certified or recertified by the
department of health and human services under part 54a of the public health
code, 1978 PA 368, MCL 333.5451 to 333.5477, and his or her certification is in
good standing may claim a credit against the tax imposed by this part in an
amount equal to the certification fees paid by the taxpayer during the tax
year.
(2)
If the credit allowed under this section exceeds the tax liability of the
taxpayer under this part for the tax year, that portion of the credit that
exceeds the tax liability shall be refunded.
(3) As used in this section, "lead-based paint activity" means that term as defined under section 5458 of the public health code, 1978 PA 368, MCL 333.5458.
