HB-5422, As Passed House, January 25, 2018
SUBSTITUTE FOR
HOUSE BILL NO. 5422
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 and, except as otherwise
provided under this section, for a joint return. If each spouse
filing a joint return is a qualified taxpayer, then that taxpayer
may claim a $200.00 credit against the tax imposed by this part. 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) House Bill No. 5420.
(b) House Bill No. 5421.