MI HB5775

Allows qualified taxpayers to claim a tax credit for classroom supplies purchased for their dependents, effective for tax years beginning after December 31, 2011.

Credit limits are $1,000 for single returns and $2,000 for joint returns, based on actual costs paid for eligible supplies.

Defines classroom supplies to include books, audiovisual materials, computer programs, equipment (tape recorders, headphones, science/lab equipment), art supplies, and materials for classroom experiments or projects.

Restricts the credit to taxpayers with gross income not exceeding $100,000 per tax year.

Excess credits that surpass tax liability are not refundable.