A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 280.
Gives residents a dollar-for-dollar refundable credit for donations to politicians and ballot question committees. The credit is refundable, so if a person doesn’t owe any taxes, he or she receives the full value of the credit in cash, paid for by other taxpayers. The credit is limited to $250 per single filer and $500 for joint filers.
Co-sponsored by Reps.
Referred to the Committee on Tax Policy