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Bill > HB5190
MI HB5190
MI HB5190Individual income tax; administration; earmark for unclaimed farmland tax credits and filing requirements; provide for and clarify. Amends sec. 51 of 1967 PA 281 (MCL 206.51) & adds sec. 312.
summary
Introduced
12/17/2015
12/17/2015
In Committee
06/08/2016
06/08/2016
Crossed Over
Passed
06/09/2016
06/09/2016
Dead
Signed/Enacted/Adopted
07/13/2016
07/13/2016
Introduced Session
98th Legislature
Bill Summary
Individual income tax; administration; earmark for unclaimed farmland tax credits and filing requirements; provide for and clarify. Amends sec. 51 of 1967 PA 281 (MCL 206.51) & adds sec. 312.
AI Summary
This bill amends Michigan's individual income tax law to clarify and provide for unclaimed farmland tax credits and filing requirements. Specifically, it adds a new section (Section 312) that allows taxpayers to electronically file a farmland preservation tax credit claim with their annual tax return, regardless of how many development rights agreements they have entered into under a specific part of the natural resources and environmental protection act. This change aims to streamline the process for claiming these credits, which are related to preserving farmland. The bill also makes changes to Section 51 of the existing law, which deals with the administration of individual income tax and the distribution of tax revenue, including provisions for farmland tax credits.
Committee Categories
Agriculture and Natural Resources
Sponsors (29)
Brett Roberts (R)*,
Tom Barrett (R),
Charles Brunner (D),
Edward Canfield (R),
Triston Cole (R),
Ray Franz (R),
Daniela Garcia (R),
Ben Glardon (R),
Holly Hughes (R),
Nancy Jenkins-Arno (R),
Joel Johnson (R),
Tim Kelly (R),
Andrea LaFontaine (R),
Dan Lauwers (R),
Bill LaVoy (D),
Eric Leutheuser (R),
Peter Lucido (R),
Lisa Lyons (R),
Ed McBroom (R),
Aaron Miller (R),
Rick Outman (R),
Dave Pagel (R),
Philip Potvin (R),
Amanda Price (R),
Bruce Rendon (R),
Jason Sheppard (R),
Charles Smiley (D),
Henry Vaupel (R),
Roger Victory (R),
Last Action
Assigned Pa 266'16 With Immediate Effect (on 07/13/2016)
Official Document
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