May 9, 2018, Introduced by Reps. Greimel, Love, Zemke, Dianda, Geiss, Sneller, Hertel, Sowerby, Pagan, Durhal, Ellison and LaGrand 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 282.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 282. (1) For tax years that begin after December 31, 2018
and before January 1, 2024, a taxpayer may claim a credit against
the tax imposed by this part for expenses incurred by the taxpayer
during the tax year to repair suspension damage to his or her
vehicle that is attributable to the poor road conditions in this
state in an amount equal to 50% of those expenses or $500.00, or
for spouses filing a joint return $1,000.00, whichever is less.
(2) To claim the credit allowed under this section, the
taxpayer shall, in the manner required by the department, provide
all of the following:
(a) Verification of the amount paid for the repairs made to
his or her vehicle.
(b) The date and time of the damage.
(c) The name of the county in which the damage occurred, the
name of the road, direction of travel, which lane, if applicable,
and the closest crossroad.
(d) A statement that the taxpayer has not received
reimbursement for all or any portion of the expenses for which the
credit is claimed under this section from any other source.
(3) A taxpayer shall not include any expenses that improve the
condition of the vehicle beyond those necessary to repair the
damage and bring the vehicle back to working condition.
(4) If 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 be refunded.