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2015 House Bill 4370: Earmark some income tax to roads; increase home property tax credit:

Public Act 179 of 2015

Introduced by Rep. Holly Hughes (R) on March 24, 2015 To repeal the provision of Gov. Rick Snyder's tax reform and business tax cut that partially eliminated some of the state income tax exemptions for pension income, and capped the value of income tax credits granted for payment of “homestead” property tax.   Official Text and Analysis.
Referred to the House Tax Policy Committee on March 24, 2015
Substitute offered by Rep. Phil Potvin (R) on October 21, 2015 To replace the previous version of the bill with one that revises details so it conforms with proposals in the Fall, 2015 road funding package passed by the House (contained mainly in House Bills 4736, 4738 and 4370).
The substitute passed by voice vote in the House on October 21, 2015
Amendment offered by Rep. Martin Howrylak (R) on October 21, 2015 To index the dollar amount provisions in the bill to inflation.
The amendment passed by voice vote in the House on October 21, 2015
Amendment offered by Rep. Triston Cole (R) on October 21, 2015 To restrict the earmarked money to road repair projects only, and not to municipal bus and "transit" system subsidies.
The amendment passed by voice vote in the House on October 21, 2015
Amendment offered by Rep. Fred Durhal, III (D) on October 21, 2015 To strip out the provisions earmarking some future income tax revenue to road repairs.
The amendment failed by voice vote in the House on October 21, 2015
Amendment offered by Rep. Sam Singh (D) on October 21, 2015 To reduce the amount of the proposed earmarks of future income tax revenue to road repairs to $200 million annually starting in 2018.
The amendment failed by voice vote in the House on October 21, 2015
Passed 62 to 44 in the House on October 21, 2015.
    See Who Voted "Yes" and Who Voted "No".
To earmark $600 million in state income tax revenue to road repairs starting in 2020, and smaller amounts starting in 2018. This would reduce the rate of increase in other state spending. Also, to raise the household income limit on eligibility for a "homestead property tax credit" that homeowners and renters can claim on their state income tax, from $50,000 to $60,000. Also, to slightly increase the value of the credit; raise the maximum credit amount from $1,200 to $1,500; reduce the "property taxes as a percentage of household resources" limit used in calculating the amount of a taxpayer's credit; and index these dollar amounts to inflation. The homestead credit reduces a person's state income tax liability based their principle residence property tax payments. The bill is intended to offset around $200 million of the $600 million of gas tax and vehicle registration tax hikes included in a House road funding proposal.
Received in the Senate on October 27, 2015
Referred to the Senate on October 27, 2015
Passed 28 to 10 in the Senate on November 3, 2015.
    See Who Voted "Yes" and Who Voted "No".
To earmark $600 million in state income tax revenue to road repairs starting in 2020, and smaller amounts starting in 2018. This would potentially reduce the rate of increase in other state spending. Also, to expand a "homestead property tax credit" that homeowners and renters can claim on their state income tax by raising property value and household income caps that limit eligibility, and index these amounts to inflation. The tax credit provision is intended to offset around $200 million of the $600 million of gas tax and vehicle registration tax hikes approved by the legislature.
Received in the House on November 3, 2015
Passed 62 to 45 in the House on November 3, 2015.
    See Who Voted "Yes" and Who Voted "No".
To concur with the Senate-passed version of the bill, which advances by one year the start of indexing of income and property value caps in the homestead tax credit .
Signed by Gov. Rick Snyder on November 10, 2015

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