August 31, 2005, Introduced by Senator BROWN and referred to the Committee on Technology and Energy.
A bill to amend 1975 PA 228, entitled
"Single business tax act,"
(MCL 208.1 to 208.145) by adding section 35d.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 35d. (1) For tax years that begin after December 31,
2005, a taxpayer may claim a credit against the tax imposed by this
act equal to $1,000.00 for each alternative energy vehicle the
taxpayer purchased or leased in the tax year as a fleet car.
(2) If the credit allowed under this section for the tax year
and any unused carryforward of the credit allowed under this
section exceed the tax liability of the taxpayer for the tax year,
the excess shall not be refunded, but may be carried forward as an
offset to the tax liability in subsequent tax years for 10 tax
years or until the excess credit is used up, whichever occurs
first.
(3) As used in this section:
(a) "Alternative energy vehicle" means that term as defined in
section 2 of the Michigan next energy authority act, 2003 PA 593,
MCL 207.822.
(b) "Fleet car" means a car that is 1 of at least 25 cars
purchased or leased by the taxpayer for use by the taxpayer's
employees.