MI HB5207

Allows taxpayers to claim a credit against Michigan income tax for fees paid on behalf of dependents for participation in school sports, programs, or extracurricular activities beginning in the 2016 tax year.

The credit amount equals the total fees paid during the tax year for eligible dependent participation in school-sponsored activities.

Department of Treasury may require reasonable proof from taxpayers to substantiate fees claimed under the credit.

Any credit amount exceeding the taxpayer's tax liability for the year is not refundable and cannot be carried forward or recovered.

Defines "dependent" according to the existing definition in section 30e of the Income Tax Act of 1967.