HOUSE BILL No. 4703


     May 18, 1999, Introduced by Reps. Cassis and Geiger and referred to the Committee on
Tax Policy.


        A bill to amend 1967 PA 281, entitled

   "Income tax act of 1967,"

   (MCL 206.1 to 206.532) by adding section 253.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 253.  (1) FOR THE 1999 TAX YEAR ONLY, A TAXPAYER MAY

 2    CLAIM A CREDIT AGAINST THE TAX IMPOSED UNDER THIS ACT EQUAL TO

 3    $15.00 MULTIPLIED BY THE NUMBER OF EXEMPTIONS CLAIMED BY THE TAX-

 4    PAYER IN THE TAX YEAR UNDER SECTION 30(2).

 5         (2) THE LINE THAT PROVIDES FOR THE CREDIT ALLOWED UNDER THIS

 6    SECTION ON THE ANNUAL INDIVIDUAL INCOME TAX RETURN FORM REQUIRED

 7    UNDER THIS ACT SHALL BE CLEARLY AND UNAMBIGUOUSLY PRINTED ON THE

 8    FIRST PAGE OF THE ANNUAL INDIVIDUAL INCOME TAX RETURN FORM, IF

 9    PRACTICABLE.

10         (3) THE CREDIT ALLOWED UNDER THIS SECTION SHALL BE TAKEN

11    AFTER ALL OTHER CREDITS UNDER THIS ACT.


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 1         (4) IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SECTION

 2    EXCEEDS THE TAX LIABILITY OF THE TAXPAYER FOR THE TAX YEAR, THAT

 3    PORTION OF THE CREDIT THAT EXCEEDS THE TAX LIABILITY SHALL BE

 4    REFUNDED.
















































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