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MI HB4068

Bill

Official Source

Status

Introduced

2/2/2023

Primary Sponsor

Rachel Hood

Click for details

Origin

House of Representatives

102nd Legislature

AI Summary

  • Provides a $25.00 tax credit for each verified blood donation made during a tax year beginning on or after January 1, 2023
  • Requires taxpayers to submit documentation or proof from the nonprofit blood bank organization to support claimed donations with their annual tax return
  • Refunds any portion of the credit that exceeds the taxpayer's tax liability for the year
  • Defines "blood donation" as voluntary, uncompensated donation of whole blood or blood components by an individual through a nonprofit blood bank organization's blood drive
  • Defines "verified blood donation" as a blood donation documented by the nonprofit blood bank organization

Legislative Description

Individual income tax: credit; credit for verified blood donations; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 253.

Individual income tax: credit

Last Action

Referred To Second Reading

5/17/2023

Committee Referrals

Tax Policy2/2/2023

Full Bill Text

No bill text available