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MI HB6450
MI HB6450Individual income tax: credit; credit for donations to certain charitable organizations that provide accommodation, food, or meals to indigents; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 260.
summary
Introduced
10/11/2022
10/11/2022
In Committee
10/11/2022
10/11/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
101st Legislature
Bill Summary
Individual income tax: credit; credit for donations to certain charitable organizations that provide accommodation, food, or meals to indigents; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 260.
AI Summary
This bill would add a new section to the Michigan Income Tax Act of 1967 to provide a tax credit for individuals who donate money or food to certain charitable organizations that provide accommodation, food, or meals to indigent people. The credit would be worth 50% of the donation, up to $100 for individual filers or $200 for joint filers. For resident estates or trusts, the credit would be limited to 10% of the filer's tax liability or $5,000, whichever is less. The bill also allows charitable organizations to request a determination from the state department on whether their donations qualify for the credit.
Committee Categories
Budget and Finance
Sponsors (6)
Timmy Beson (R)*,
Bob Bezotte (R)*,
Julie Calley (R)*,
Julie Rogers (D)*,
Terry Sabo (D)*,
Joseph Tate (D)*,
Last Action
Bill Electronically Reproduced 10/12/2022 (on 10/12/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://legislature.mi.gov/doc.aspx?2022-HB-6450 | 10/11/2022 |
| BillText | http://www.legislature.mi.gov/documents/2021-2022/billintroduced/House/htm/2022-HIB-6450.htm | 10/11/2022 |
| Bill | http://www.legislature.mi.gov/documents/2021-2022/billintroduced/House/pdf/2022-HIB-6450.pdf | 10/11/2022 |
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