MI SB1013

Allows taxpayers to claim a 100% tax credit against Michigan income tax for contributions made to a qualified trust fund in tax years beginning after December 31, 2013.

Defines a "qualified trust fund" as an irrevocable trust created for the benefit of a child diagnosed with an autism spectrum disorder.

Defines "child" as an unemancipated individual under age 18, or age 18 and a full-time high school student, who lives with a parent or caretaker.

Credits that exceed a taxpayer's annual tax liability are not refundable.

Requires the Department of Treasury to obtain documentation supporting the existence of the qualified trust fund and the claimed contributions.