STILLBIRTH INCOME TAX CREDIT

Senate Bill 1176 as passed by the Senate

Sponsor:  Sen. Tony Stamas

House Committee:  Tax Policy

Senate Committee:  Finance

Complete to 5-2-06

A SUMMARY OF SENATE BILL 1176 AS PASSED BY THE SENATE 4-20-06

The bill would amend the Income Tax Act to provide a refundable credit to a taxpayer who has been issued a certificate of stillbirth from the Department of Community Health.  The credit would be $150. 

MCL 206.275

FISCAL IMPACT:

Based on data from the Michigan Department of Community Health, the bill would reduce income tax revenue by an estimated $113,000 annually.  Most of the fiscal impact would affect General Fund/General Purpose (GF/GP) revenue.  This bill would have no direct affect on local units of government.

                                                                                           Legislative Analyst:   Mark Wolf

                                                                                                  Fiscal Analyst:   Rebecca Ross

■ This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.