MI HB5476

Establishes a gasoline expense tax credit for tax years beginning January 1, 2012, for Michigan taxpayers who own a registered motor vehicle and commute to work.

Taxpayers with adjusted gross income of $50,000 or less can claim 50% of gasoline expenses, capped at $100 per tax year.

Taxpayers with adjusted gross income between $50,000 and $75,000 can claim 25% of gasoline expenses, capped at $75 per tax year.

Taxpayers with adjusted gross income between $75,000 and $100,000 can claim 10% of gasoline expenses, capped at $50 per tax year.

Credits exceeding the taxpayer's tax liability are refundable; the department may require reasonable proof of gasoline expenses.