MI SB1054

Allows taxpayers to claim a tax credit equal to 50% of qualified renovation costs, not to exceed $5,000, for tax years beginning after December 31, 2010.

Eligible taxpayers include persons with disabilities making renovations to their own homes, or other taxpayers whose homes are occupied by a person with a disability.

Qualified renovations include disability accommodations (bath bars, ramps, door widening, access changes), room additions, building code compliance for disability housing, and safety features.

Credit must be claimed in the tax year when all qualified renovations are completed and only once per person with a disability.

Any credit amount exceeding the taxpayer's tax liability is refunded to the taxpayer.