HB-4954, As Passed Senate, September 28, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

HOUSE BILL No. 4954

 

September 13, 2011, Introduced by Rep. Foster and referred to the Committee on Tax Policy.

 

     A bill to amend 1967 PA 281, entitled

 

"Income tax act of 1967,"

 

by amending section 251 (MCL 206.251), as amended by 2011 PA 38.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 251. (1) The amount withheld under section 351 703 shall

 

be allowed to the recipient of the compensation as a credit against

 

the tax imposed on him or her by this part.

 

     (2) The amount so withheld during any calendar year shall be

 

allowed as a credit for the taxable year beginning in such calendar

 

year. If more than 1 taxable year begins in a calendar year, such

 

amount shall be allowed as a credit for the last taxable year so

 

beginning.

 

     Enacting section 1. This amendatory act takes effect January

 

1, 2012.