Bill Text: MI SB1030 | 2013-2014 | 97th Legislature | Introduced
Bill Title: Individual income tax; credit; credit for expenditures for classroom supplies; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 253.
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Introduced - Dead) 2014-09-09 - Referred To Committee On Finance [SB1030 Detail]
Download: Michigan-2013-SB1030-Introduced.html
SENATE BILL No. 1030
Introduced by Senators ANANICH, YOUNG, GREGORY, JOHNSON, SMITH, BIEDA, ANDERSON, WHITMER and HOOD.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.713) by adding section 253.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 253. (1) For tax years that begin after December 31,
2014, a qualified taxpayer may claim a credit against the tax
imposed by this act equal to the cost paid by the qualified
taxpayer in the tax year not to exceed $1,000.00 for a single
return or $2,000.00 for a joint return for classroom supplies
purchased by the qualified taxpayer for use by dependents of that
taxpayer.
(2) If the credit allowed under this section exceeds the tax
liability of the taxpayer for the tax year, that portion that
exceeds the tax liability shall not be refunded.
(3) As used in this section:
(a) "Classroom supplies" means any of the following:
(i) Books, books on tapes, videotapes, CDs, or DVDs.
(ii) Computer programs or downloads.
(iii) Equipment, including, but not limited to, tape recorders,
headphones, science equipment, and lab equipment.
(iv) Art supplies.
(v) Food and other supplies or materials for experiments or
projects carried out in the classroom.
(vi) Other supplies or materials similar to those listed in
this subdivision.
(b) "Dependent" means that term as defined under section 30e.
(c) "Qualified taxpayer" means a taxpayer that has a gross
income not exceeding $100,000.00 for the tax year for which the
taxpayer claims a credit under this section.
