2024 House Bill 5628

Individual income tax: credit; refundable credit to cover the cost of basic needs; provide for.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 282.

AI Analysis – Experimental

The bill allows taxpayers to claim a state income tax credit based on the difference between the federal poverty level and their eligible exemptions, with partial refunds for excess credits.

Introduced in the House

March 20, 2024

Introduced by Rep. Mark Tisdel (R-55) and 14 co-sponsors

Co-sponsored by Reps. David Martin (R-68), Timothy Beson (R-96), Tom Kunse (R-100), Matt Bierlein (R-97), Brian BeGole (R-71), Brad Paquette (R-37), Luke Meerman (R-89), Thomas Kuhn (R-57), Andrew Fink (R-35), Bill Schuette (R-95), Nancy DeBoer (R-86), Jay DeBoyer (R-63), Angela Rigas (R-79) and Mike Harris (R-52)

Referred to the Committee on Tax Policy