Bill Text: MI HB4899 | 2015-2016 | 98th Legislature | Introduced

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Bill Title: Legislature; legislative agencies; comparative distributional fiscal impact analysis of certain bills; require senate fiscal agency to prepare. Amends 1986 PA 268 (MCL 4.1101 - 4.1901) by adding sec. 502. TIE BAR WITH: HB 4900'15

Spectrum: Partisan Bill (Democrat 20-0)

Status: (Introduced - Dead) 2015-09-24 - Printed Bill Filed 09/23/2015 [HB4899 Detail]

Download: Michigan-2015-HB4899-Introduced.html

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HOUSE BILL No. 4899

September 22, 2015, Introduced by Reps. Townsend, Irwin, Hoadley, Wittenberg, Liberati, Plawecki, Chirkun, Greig, Yanez, Brinks, Chang, Phelps, Talabi, Moss, Durhal, Smiley, Garrett, Greimel, Zemke and Sarah Roberts and referred to the Committee on Government Operations.

 

     A bill to amend 1986 PA 268, entitled

 

"Legislative council act,"

 

(MCL 4.1101 to 4.1901) by adding section 502.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 502. (1) The senate fiscal agency shall produce and make

 

publicly available in the shortest feasible time frame a

 

comparative distributional fiscal impact analysis for each bill or

 

joint resolution that seeks to amend, repeal, or establish taxes

 

levied by this state that has been, or is anticipated to be, added

 

to the agenda of a senate committee or the senate.

 

     (2) A comparative distributional fiscal impact analysis

 

prepared by the senate fiscal agency must include separate tables

 

and corresponding bar graphs that show the tax incidence under

 

current law and under the proposed bill or joint resolution, as

 

introduced, amended, or substituted, for individuals under the age

 

of 65, and individuals 65 years of age or older, as follows:

 

     (a) Detailing the percentage of gross household income

 

contributed in overall state and local taxes by the bottom 20% of

 

households, the next 20% of households, the next 20% of households,

 

the next 20% of households, the next 15% of households, the next 4%

 

of households, and the top 1% of households.

 

     (b) Breaking down the percentage of gross household income

 

contributed in state and local taxes within each household

 

percentile bracket by sales and excise taxes, property taxes, and

 

income taxes. Sales and excise taxes shall be broken down by sales

 

tax on persons other than corporations, excise taxes on persons

 

other than corporations, sales tax on corporations, and excise

 

taxes on corporations. Property taxes shall be broken down by

 

property taxes on persons other than corporations and property

 

taxes on corporations. Income taxes shall be broken down by state

 

and local income taxes on persons other than corporations and state

 

and local income taxes on corporations.

 

     (c) Comparing the federal deduction offset for each household

 

percentile bracket under current law and under the proposed bill or

 

joint resolution.

 

     (3) As used in this section:

 

     (a) "Corporation" means that term as defined in section 6 of

 

the income tax act of 1967, 1967 PA 281, MCL 206.6.

 

     (b) "Persons other than corporations" means a person other

 

than a corporation as that term is defined in section 51 of the

 

income tax act of 1967, 1967 PA 281, MCL 206.51.

 

     Enacting section 1. This amendatory act takes effect 90 days

 

after the date it is enacted into law.

 

     Enacting section 2. This amendatory act does not take effect

 

unless Senate Bill No.____ or House Bill No. 4900 (request no.

 

03390'15) of the 98th Legislature is enacted into law.