Bill Text: MI SB1054 | 2011-2012 | 96th Legislature | Introduced
Bill Title: Income tax; credit; credit for certain renovations made to the home of a person with a disability; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.532) by adding sec. 279.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-03-29 - Referred To Committee On Finance [SB1054 Detail]
Download: Michigan-2011-SB1054-Introduced.html
SENATE BILL No. 1054
March 29, 2012, Introduced by Senator GLEASON and referred to the Committee on Finance.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.532) by adding section 279.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 279. (1) For tax years that begin after December 31,
2010, a taxpayer may claim a credit against the tax imposed by this
act equal to 50% of the cost paid by the taxpayer, not to exceed
$5,000.00, for qualified renovations made to the home of the
taxpayer if the taxpayer is either of the following:
(a) A person with a disability who makes renovations to his or
her own home.
(b) A taxpayer, other than a taxpayer described in subdivision
(a), if a person with a disability lives in the home of the
taxpayer who makes the qualified renovations.
(2) The credit allowed under this section shall be taken only
in the year in which all qualified renovations for which a credit
under this section will be claimed are completed and shall be
claimed for only 1 tax year for qualified renovations made by or on
behalf of any 1 person with a disability.
(3) If the credit allowed under this section exceeds the tax
liability of the taxpayer for the tax year, the amount by which the
credit exceeds the taxpayer's tax liability shall be refunded.
(4) As used in this section:
(a) "Home" means a principal residence exempt under section
7cc of the general property tax act, 1893 PA 206, MCL 211.7cc.
(b) "Qualified renovations" means renovations, additions, or
other construction made to a home that are any of the following:
(i) Changes to accommodate the physical needs of a person with
a disability, including, but not limited to, bath bars, ramps, door
widening, access changes, and refitting of fixtures.
(ii) Addition of a room.
(iii) Any change to the home that is made to meet local or state
building codes, ordinances, statutes, or rules that regulate
housing for persons with disabilities.
(iv) Safety features.
(c) "Person with a disability" means that term as defined in
section 103 of the persons with disabilities civil rights act, 1976
PA 220, MCL 37.1103.
