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MI HB5969
Bill
Status
5/9/2018
Primary Sponsor
Adam Zemke
Click for details
AI Summary
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Creates a tax credit for Michigan taxpayers for vehicle body damage repairs caused by poor road conditions for tax years beginning after December 31, 2018 and before January 1, 2024
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Credit equals 50% of repair expenses or $500 per individual ($1,000 for joint filers), whichever is less
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Taxpayers must provide verification of repair costs, date and time of damage, county and road location details, and proof they received no reimbursement from other sources
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Excludes expenses that improve the vehicle beyond necessary repairs to restore working condition
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Refunds excess credit amounts that exceed the taxpayer's tax liability for the year
Legislative Description
Individual income tax; credit; credit for expenses incurred to repair body damage to vehicles attributable to poor road conditions in this state; create and sunset. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 281.
Individual income tax: credit
Last Action
Bill Electronically Reproduced 05/09/2018
5/10/2018