MI HB6035

Allows taxpayers who are senior citizens (age 60+) or persons with disabilities, or who have such individuals residing in their home, to claim an income tax credit equal to 50% of qualified renovation costs, capped at $5,000, for tax years beginning after December 31, 2018.

Defines qualified renovations as changes providing mobility assistance and accommodating physical needs (bath bars, ramps, wheelchair lifts, door widening, etc.) or changes required to meet local/state building codes for disability housing.

Limits the credit to one claim per taxpayer and requires it be claimed only in the tax year when renovations are completed; the department may require reasonable proof of costs.

Provides that if the credit exceeds the taxpayer's tax liability for the year, the excess amount shall be refunded to the taxpayer.

Applies only to homes that qualify as principal residences under Michigan's property tax exemption (MCL 211.7cc).