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MI SR0156

Resolution

Official Source

Status

Introduced

5/12/2010

Primary Sponsor

Hansen Clarke

Click for details

Origin

Senate

95th Legislature

AI Summary

  • Memorializes the U.S. Congress to enact the Hearing Aid Assistance Tax Credit Act, introduced in the 111th Congress as S. 1019
  • Proposes a $500 income tax credit for nonreimbursed costs of purchasing qualified hearing aids, with means-testing to target low-income individuals
  • Limits credit claims to once every five years to minimize impact on government finances while improving affordability for seniors and vulnerable populations
  • References Michigan's existing 1978 sales tax exemption for hearing aids as precedent for the proposed federal tax credit
  • Directs copies of the resolution be sent to the President of the U.S. Senate, Speaker of the House, and Michigan's congressional delegation

Legislative Description

A resolution to memorialize the Congress of the United States to enact the Hearing Aid Assistance Tax Credit Act.

Hearing Aid Assistance Tax Credit Act

Last Action

Referred To Committee On Finance

5/12/2010

Committee Referrals

Finance5/12/2010

Full Bill Text

No bill text available