Mackinac Center Analysis
House Bill 5546 amends the Income Tax Act of 1967 to provide a tax credit for distributors of returnable beverage containers. Distributors can claim a credit of $0.005 per container sold, starting from the 2024 tax year. This credit will be adjusted annually based on the U.S. Consumer Price Index. To qualify, distributors must attach a specific report to their annual tax return. If the credit exceeds the distributor's tax liability, the excess will be refunded. The bill defines relevant terms such as "beverage container," "distributor," and "returnable container."
Introduced in the House
March 5, 2024
Introduced
by
Rep. Will Snyder (D-87)
and 47 co-sponsors
Co-sponsored by Reps.
Helena Scott (D-7), Kristian Grant (D-82), Jimmie Wilson (D-32), Brian BeGole (R-71), Rachel Hood (D-81), Samantha Steckloff (D-19), Joseph Aragona (R-60), Tullio Liberati (D-2), Bill Schuette (R-95), Mike McFall (D-8), Carol Glanville (D-84), Luke Meerman (R-89), Denise Mentzer (D-61), Tyrone Carter (D-1), Jim Haadsma (D-44), Regina Weiss (D-6), Penelope Tsernoglou (D-75), John Fitzgerald (D-83), Jennifer Conlin (D-48), Kimberly Edwards (D-12), Nancy DeBoer (R-86), Nate Shannon (D-58), Gina Johnsen (R-78), Tom Kunse (R-100), Matt Bierlein (R-97), Bradley Slagh (R-85), Stephanie Young (D-16), Graham Filler (R-93), Brenda Carter (D-53), Ann Bollin (R-49), Phil Skaggs (D-80), Noah Arbit (D-20), Timothy Beson (R-96), Jason Morgan (D-23), Donavan McKinney (D-14), Curtis VanderWall (R-102), Mark Tisdel (R-55), Dale Zorn (R-34), Julie Rogers (D-41), Amos O’Neal (D-94), Doug Wozniak (R-59), Robert Bezotte (R-50), John Roth (R-104), Kelly Breen (D-21), Cynthia Neeley (D-70), Alabas Farhat (D-3) and Karen Whitsett (D-4)
Referred to the Committee on Regulatory Reform
May 21, 2024
Reported without amendment
June 12, 2024
Passed in the House 103 to 7
(details)
Motion to give immediate effect
by
Rep. Abraham Aiyash (D-9)
The motion prevailed by voice vote
Received in the Senate
June 13, 2024
Referred to the Committee on Finance, Insurance, and Consumer Protection
