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Bill > HB4530
MI HB4530
MI HB4530Individual 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. TIE BAR WITH: HB 4531'23
summary
Introduced
05/09/2023
05/09/2023
In Committee
09/13/2023
09/13/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
Potential new amendment
102nd Legislature
Bill Summary
A bill to amend 1967 PA 281, entitled"Income tax act of 1967,"(MCL 206.1 to 206.847) by adding section 260.
AI Summary
This bill proposes to amend the Income Tax Act of 1967 by adding a new section 260, which would allow taxpayers to claim a credit against their state income tax for donations made to entities located in Michigan that provide overnight accommodation, food, or meals to indigent persons. The credit would be equal to 50% of the cash amount and the value of any food items donated, subject to certain limitations. The bill also includes provisions for reporting the total amount of credits claimed, and for the Department of Treasury to determine if a donation qualifies for the credit.
Committee Categories
Budget and Finance
Sponsors (12)
Jaz Martus (D)*,
Brenda Carter (D),
Emily Dievendorf (D),
Alabas Farhat (D),
Carol Glanville (D),
Jason Hoskins (D),
Mike McFall (D),
Cynthia Neeley (D),
Amos O'Neal (D),
Julie Rogers (D),
Phil Skaggs (D),
Will Snyder (D),
Last Action
Referred To Second Reading (on 09/13/2023)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
- ‐ Poverty and Assistance for Low-Income Families
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?2023-HB-4530 | 05/09/2023 |
| House Substitute (H-1) | https://legislature.mi.gov/mileg.aspx?page=CurrentVersionAmendment&cvFileName=2023-HCVBS-4530-0N295.pdf | 12/26/2023 |
| Fiscal Note/Analysis - Summary as Reported from Committee | https://legislature.mi.gov/documents/2023-2024/billanalysis/House/pdf/2023-HLA-4530-7CC10185.pdf | 09/17/2023 |
| Fiscal Note/Analysis - Summary as Introduced | https://legislature.mi.gov/documents/2023-2024/billanalysis/House/pdf/2023-HLA-4530-5ADC6576.pdf | 06/21/2023 |
| BillText | http://www.legislature.mi.gov/documents/2023-2024/billintroduced/House/htm/2023-HIB-4530.htm | 05/09/2023 |
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