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MI HB4922

Bill

Official Source

Status

Introduced

9/29/2015

Primary Sponsor

Stephanie Chang

Click for details

Origin

House of Representatives

98th Legislature

AI Summary

  • Creates a new tax credit for taxpayers with adjusted gross income of $100,000 or less beginning in tax years after December 31, 2015.

  • Allows a credit of $400 multiplied by the number of claimed exemptions for dependent children younger than 14 years of age as of the last day of the tax year.

  • Makes any portion of the credit that exceeds the taxpayer's tax liability refundable to the taxpayer.

Legislative Description

Individual income tax; credit; child and dependent care credit; create. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 275.

Individual income tax: credit

Last Action

Printed Bill Filed 09/30/2015

9/30/2015

Committee Referrals

Tax Policy9/29/2015

Full Bill Text

No bill text available