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Bill > HB4361
MI HB4361
MI HB4361Individual income tax: credit; 1-time credit for organ donation; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 280.
summary
Introduced
04/11/2023
04/11/2023
In Committee
10/23/2024
10/23/2024
Crossed Over
09/25/2024
09/25/2024
Passed
11/07/2024
11/07/2024
Dead
Signed/Enacted/Adopted
11/13/2024
11/13/2024
Introduced Session
102nd Legislature
Bill Summary
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.
AI Summary
This bill proposes to amend the Michigan Income Tax Act of 1967 by adding a new section that provides a one-time tax credit for individuals who incur unreimbursed expenses related to living organ donation. Specifically, the bill would allow taxpayers to claim a credit of up to $10,000 for expenses such as travel, lodging, lost wages, and child care costs associated with donating an organ. The credit can be claimed for expenses incurred in the tax year before, during, or after the organ donation. To claim the credit, the taxpayer must submit verification of the organ donation to the state Department of Treasury. If the credit amount exceeds the taxpayer's tax liability, the excess cannot be refunded.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (22)
Felicia Brabec (D)*,
Abraham Aiyash (D),
Kelly Breen (D),
Erin Byrnes (D),
Brenda Carter (D),
Tyrone Carter (D),
Betsy Coffia (D),
Jim Haadsma (D),
Jenn Hill (D),
Rachel Hood (D),
Kara Hope (D),
Tullio Liberati (D),
Sharon MacDonell (D),
Denise Mentzer (D),
Cynthia Neeley (D),
Veronica Paiz (D),
Natalie Price (D),
Carrie Rheingans (D),
Phil Skaggs (D),
Penelope Tsernoglou (D),
Karen Whitsett (D),
Stephanie Young (D),
Last Action
Assigned Pa 156'24 (on 11/13/2024)
Official Document
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