November 9, 2005, Introduced by Senators GARCIA, GEORGE, GOSCHKA, CROPSEY, VAN WOERKOM and BROWN and referred to the Committee on Agriculture, Forestry and Tourism.
A bill to amend 1975 PA 228, entitled
"Single business tax act,"
(MCL 208.1 to 208.145) by adding section 35d.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 35d. (1) For tax years that begin after December 31,
2005, a taxpayer who is a farmer may claim a credit against the tax
imposed by this act equal to the amount the taxpayer paid in the
tax year for the purchase and installation of a security system or
security measures that comply with the anhydrous ammonia safety and
security practices established by the commission on agriculture
that prevent the theft of anhydrous ammonia if the taxpayer is an
end user of the anhydrous ammonia.
(2) If the amount of the credit allowed under this section
exceeds the tax liability of the taxpayer for the tax year, that
portion of the credit that exceeds the tax liability shall not be
refunded.
(3) As used in this section:
(a) "Anhydrous ammonia" means an inorganic compound that does
not contain water and consists of 1 nitrogen atom and 3 hydrogen
atoms.
(b) "Anhydrous ammonia safety and security practices" means
the anhydrous ammonia safety and security practices established by
the commission of agriculture pursuant to the anhydrous ammonia
security act.
(c) "End user" means the person actually using anhydrous
ammonia for a legal purpose.