HB 5367 Summary

• Creates a tax credit for taxpayers engaged in lead-based paint activity who are certified or recertified by the Michigan Department of Health and Human Services under public health code part 54a, valid from January 1, 2020 through December 31, 2024.

• Credit amount equals certification fees paid by the taxpayer during the tax year and is claimed against income tax liability under the Income Tax Act of 1967.

• Requires that the taxpayer's certification be in good standing to claim the credit.

• Any credit amount exceeding the taxpayer's tax liability for the year shall be refunded to the taxpayer.

• Defines "lead-based paint activity" by reference to section 5458 of the public health code.