Bill Text: MI HB5422 | 2017-2018 | 99th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Individual income tax; credit; credit for certain qualified taxpayers; create. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 254. TIE BAR WITH: HB 5420'18, HB 5421'18

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2018-06-12 - Reassigned To Committee On Government Operations [HB5422 Detail]

Download: Michigan-2017-HB5422-Introduced.html

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HOUSE BILL No. 5422

 

 

January 16, 2018, Introduced by Reps. Tedder, Noble and Hauck 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 254.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 254. For the 2018 tax year and each tax year after 2018,

 

a qualified taxpayer may claim a $100.00 credit against the tax

 

imposed by this part for a single return or a $200.00 credit

 

against the tax imposed by this part for a joint return if each

 

taxpayer filing a joint return is a qualified taxpayer. If the

 

credit allowed under this section exceeds the tax liability of the

 

taxpayer for the tax year, that amount that exceeds the tax

 

liability shall be refunded. As used in this section, "qualified

 

taxpayer" means an individual who is 62 years of age or older at

 

the close of the tax year.

 

     Enacting section 1. This amendatory act does not take effect

 

unless all of the following bills of the 99th Legislature are

 

enacted into law:

 

     (a) Senate Bill No.____ or House Bill No. 5420 (request no.

 

05182'17 *).

 

     (b) Senate Bill No.____ or House Bill No.____ (request no.

 

05272'17).