Bill Text: MI HB4514 | 2009-2010 | 95th Legislature | Introduced
Bill Title: Income tax; credit; eligibility for state earned income tax credit; require taxpayer to be resident for at least 6 months. Amends sec. 272 of 1967 PA 281 (MCL 206.272). TIE BAR WITH: SB 0838'09, SB 0884'09
Spectrum: Moderate Partisan Bill (Democrat 10-2)
Status: (Introduced - Dead) 2010-02-25 - Laid Over One Day Under The Rules [HB4514 Detail]
Download: Michigan-2009-HB4514-Introduced.html
HOUSE BILL No. 4514
March 4, 2009, Introduced by Reps. Lahti, McDowell, Ball, Lindberg, Simpson, Nerat, Sheltrown, Booher, Spade, Gonzales, Espinoza and Neumann and referred to the Committee on Tax Policy.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
by amending section 272 (MCL 206.272), as added by 2006 PA 372.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 272. (1) For the following tax years that begin after
December 31, 2007, a taxpayer may credit against the tax imposed by
this act an amount equal to the specified percentages of the credit
the taxpayer is allowed to claim as a credit under section 32 of
the internal revenue code for a tax year on a return filed under
this act for the same tax year as long as the taxpayer was a
resident of this state for at least 6 months of that same tax year:
(a) For tax years that begin after December 31, 2007 and
before January 1, 2009, 10%.
(b) For tax years that begin after December 31, 2008, 20%.
(2) If the credit allowed by this section exceeds the tax
liability of the taxpayer for the tax year, the state treasurer
shall refund the excess to the taxpayer without interest, except as
provided in section 30 of 1941 PA 122, MCL 205.30.
Enacting section 1. This amendatory act is retroactive and is
effective for taxes levied after December 31, 2007.
