September 9, 2004, Introduced by Rep. Kolb and referred to the Committee on Tax Policy.
A bill to amend 1975 PA 228, entitled
"Single business tax act,"
(MCL 208.1 to 208.145) by adding section 22g.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 22g. For tax years that begin after December 31, 2004,
2 an automobile insurance company may claim a credit against the
3 tax and surcharge imposed by this act equal to gross receipts
4 from premiums paid to the taxpayer for automobile insurance
5 policies that have premiums that are based primarily on either of
6 the following categories:
7 (a) The average miles the automobile is driven weekly,
8 annually, or both.
9 (b) The daily or weekly commuting mileage of the insured.