Bill Text: MI HB4448 | 2013-2014 | 97th Legislature | Introduced

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Bill Title: Individual income tax; credit; tax incentive for participation in a clinical trial; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 253.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2013-03-14 - Printed Bill Filed 03/14/2013 [HB4448 Detail]

Download: Michigan-2013-HB4448-Introduced.html

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HOUSE BILL No. 4448

 

March 13, 2013, Introduced by Rep. Haines and referred to the Committee on Tax Policy.

 

     A bill to amend 1967 PA 281, entitled

 

"Income tax act of 1967,"

 

(MCL 206.1 to 206.713) by adding section 253.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 253. (1) For tax years that begin on and after January 1,

 

2013, a taxpayer that participates in a clinical trial conducted by

 

a research institution may claim a credit against the tax imposed

 

by this act equal to any patient care costs associated with the

 

clinical trial and incurred by the taxpayer that are not covered by

 

the trial sponsor, the research institution, or insurance.

 

     (2) If the amount of the credit allowed under this section

 

exceeds the tax liability of the taxpayer for the tax year, that

 

portion that exceeds the tax liability shall be refunded.

 

     (3) To be eligible to claim the credit under this section, the

 

department may require reasonable proof from the taxpayer in

 

support of the costs claimed under this section.

 

     (4) As used in this section:

 

     (a) "Clinical trial" means a clinical investigation approved

 

by a human investigation committee that involves any experiment to

 

test the safety or efficacy of a drug or biological product and 1

 

or more human subjects. For purposes of this section, clinical

 

trial does not include any research or experiment that involves

 

testing, screening, or any other use of human embryos.

 

     (b) "Human subject" means a living individual about whom an

 

investigator conducting research obtains data through intervention

 

or interaction with the individual or obtains identifiable private

 

information.

 

     (c) "Patient care costs" means those costs that directly

 

relate to participation in the clinical trial and may include

 

doctor visits, hospitalizations, clinical labs such as blood tests

 

and x-rays, and other additional services that are typically

 

provided when receiving standard treatment or participating in a

 

clinical trial or that may be required to monitor the human

 

subject's progress. Patient care costs include actual travel,

 

lodging, and meal expenses incurred by an individual in order to

 

participate in the clinical trial.