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MI SB0749

Bill

Official Source

Status

Engrossed

1/24/2018

Primary Sponsor

Margaret O'Brien

Click for details

Origin

Senate

99th Legislature

AI Summary

  • Allows taxpayers to claim a state income tax credit equal to 100% of the federal child care credit allowed under Internal Revenue Code Section 21 for tax years beginning January 1, 2018 and later.

  • Any portion of the credit that exceeds the taxpayer's state tax liability for the year is not refundable.

  • The bill's enactment is contingent on Senate Bill No. 748 and Senate Bill No. 750 both being enacted into law.

Legislative Description

Individual income tax; credit; child care credit; create. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 272a.

Individual income tax: credit

Last Action

Re-referred To Committee On Tax Policy

2/15/2018

Committee Referrals

Tax Policy1/24/2018
Finance1/16/2018

Full Bill Text

No bill text available