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MI HB4885
Bill
Status
9/17/2015
Primary Sponsor
Martin Howrylak
Click for details
AI Summary
HB 4885 Summary
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Adds a new deduction from Michigan taxable income for compensation received pursuant to the Wrongful Imprisonment Compensation Act for tax years beginning after December 31, 2015.
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Excludes wrongful imprisonment compensation from "total household resources" calculation under the homestead property tax credit program.
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Makes technical corrections to statutory citations and formatting throughout the income tax provisions.
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Bill effectiveness is conditioned on the enactment of House Bill 4536 of the 98th Legislature.
Legislative Description
Individual income tax; exemptions; compensation received for wrongful imprisonment; exempt from taxable income and total household resources under the homestead property tax credit. Amends secs. 30 & 508 of 1967 PA 281 (MCL 206.30 & 206.508). TIE BAR WITH: HB 4536'15
Individual income tax: income
Last Action
Printed Bill Filed 09/18/2015
9/22/2015