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MI HB4722
Bill
Status
7/1/2025
Primary Sponsor
Angela Witwer
Click for details
AI Summary
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Establishes income tax credits for retail dealers selling biodiesel blends from January 1, 2025 through December 31, 2030, at rates of $0.02/gallon for 6-9% blends, $0.05/gallon for 10-19% blends, and $0.07/gallon for 20%+ blends
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Creates a $0.02 per gallon tax credit for biodiesel producers manufacturing biodiesel in Michigan, capped at $2,000,000 annually across all producers
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Caps total retail dealer biodiesel blend credits at $16,000,000 per tax year, with pro rata allocation if claims exceed the limit
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Credits exceeding a taxpayer's tax liability are refundable
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Requires passage of companion legislation (House Bill No. H02234'25) for the act to take effect
Legislative Description
Transportation: motor fuel tax; incentives for the sale and production of biodiesel; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 279.
Individual income tax: credit
Last Action
Bill Electronically Reproduced 07/01/2025
7/15/2025