MI HB5163

Allows taxpayers to claim an income tax credit for contributions made to candidate committees or individual candidates for state or local elective offices in Michigan, effective for tax years beginning after December 31, 2018.

Credit is capped at $50.00 for single returns and $100.00 for joint returns.

Excludes contributions to independent committees or political committees from the credit eligibility.

Requires taxpayers to provide verification of contribution amounts to the Department of Treasury in a form and manner prescribed by the department.

Defines relevant terms (candidate, candidate committee, local elective office, independent committee, political committee, state elective office) by reference to the Michigan campaign finance act (MCL 169.201 to 169.282).