An act to amend 1967 PA 281, entitled “An act to meet deficiencies in state funds by providing for the imposition, levy, computation, collection, assessment, reporting, payment, and enforcement by lien and otherwise of taxes on or measured by net income and on certain commercial, business, and financial activities; to prescribe the manner and time of making reports and paying the taxes, and the functions of public officers and others as to the taxes; to permit the inspection of the records of taxpayers; to provide for interest and penalties on unpaid taxes; to provide exemptions, credits, rebates, and refunds of the taxes; to create certain funds; to provide for the expenditure of certain funds; to impose certain duties and requirements on certain officials, departments, and authorities of this state; to prescribe penalties for the violation of this act; to provide an appropriation; and to repeal acts and parts of acts,” (MCL 206.1 to 206.847) by adding section 280.
House Bill 4361 would amend the Income Tax Act to create a one-time tax credit for live organ donation expenses. The credit would be available for tax years beginning on or after January 1, 2023, and would be worth the lesser of $10,000 or the live organ donation expenses incurred during the tax year. The credit would be nonrefundable. Taxpayers would be able to claim the credit for expenses incurred during the tax year before, tax year of, or tax year after the organ donation. In order to claim the credit, the bill would require taxpayers to submit verification, in a form and manner prescribed by the Department of Treasury, of the live organ donation with the tax return in which the claim the credit. The department would also be able to require taxpayers to submit reasonable proof of the live organ donation expenses claimed
Co-sponsored by Reps.
Referred to the Committee on Health Policy
Referred to the Committee on Tax Policy
Reported with substitute H-2
Substitute H-2 concurred in by voice vote
Passed in the House 92 to 17 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Referred to the Committee on Appropriations
Reported with substitute S-1
Referred to the Committee of the Whole
Reported with substitute S-1
Substitute S-1 concurred in by voice vote
Passed in the Senate 35 to 1 (details)
Motion to give immediate effect
The motion did not prevail by voice vote
Substitute S-1 concurred in 85 to 22 (details)
