MI HB5971

Establishes an income tax credit for tax years beginning after December 31, 2018 and before January 1, 2024 for taxpayers who incur expenses to repair or replace vehicle tires damaged by Michigan's poor road conditions.

Credit amount equals 50% of expenses incurred, with a maximum of $150 per taxpayer or $300 for spouses filing jointly, whichever is less.

Taxpayers must provide verification of repair/replacement costs, date and time of damage, specific location details (county, road name, direction, lane, and nearest crossroad), and a statement confirming no reimbursement was received from other sources.

Expenses must be limited to repairs that restore the vehicle to working condition and cannot include improvements beyond the original condition.

Excess credits that exceed the taxpayer's tax liability for the year shall be refunded.