November 6, 2008, Introduced by Rep. Bieda and referred to the Committee on Tax Policy.
A bill to amend 2007 PA 36, entitled
"Michigan business tax act,"
(MCL 208.1101 to 208.1601) by adding section 461.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 461. (1) For tax years that begin after December 31, 2009
and before January 1, 2017, a taxpayer that manufactures plug-in
traction battery packs may claim a credit against the tax imposed
by this act equal to the applicable credit percentage of the number
of plug-in traction battery packs manufactured during the tax year
multiplied by $2,000.00.
(2) If the credit allowed under this section exceeds the tax
liability of the taxpayer for the tax year, that portion that
exceeds the tax liability shall be refunded.
(3) As used in this section:
(a) "Applicable credit percentage" means the following:
(i) For the 2010 and 2011 tax years, 100%.
(ii) For the 2012 and 2013 tax years, 75%.
(iii) For the 2014, 2015, and 2016 tax years, 50%.
(b) "Plug-in traction battery pack" means an electro-chemical
energy storage device that meets the following requirements:
(i) Has a traction battery capacity of not less than 8.0
kilowatt hours. For purposes of this subparagraph, traction battery
capacity shall be measured in kilowatt hours from a 100% state of
charge to a 0% state of charge.
(ii) Is equipped with an electrical plug by means of which it
can be energized and recharged when plugged into an external source
of electric power.
(iii) Consists of standardized configuration and is mass
produced.
(iv) Has been tested and approved by the national highway
transportation safety administration as compliant with applicable
motor vehicle and motor vehicle equipment safety standards when
installed by a mechanic with standardized training in protocols
established by the battery manufacturer as part of a nationwide
distribution program.