February 6, 2007, Introduced by Senators CLARK-COLEMAN, CHERRY, JACOBS, GLEASON, CLARKE, SCOTT, HUNTER, BARCIA, OLSHOVE, BRATER, SWITALSKI and BASHAM and referred to the Committee on Finance.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
by amending section 506 (MCL 206.506), as amended by 1996 PA 484.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 506. "Eligible serviceperson", "eligible veteran", and
2 "eligible widow or widower" means a serviceperson, veteran, or
3 widow or widower, whose income as defined in this chapter is not
4 more than $7,500.00 per year for years that begin before January
5 1, 2007 or $15,000.00 for years that begin on and after January
6 1, 2007 unless the serviceperson, veteran, or widow or widower
7 receives compensation or a pension paid by the veterans
8 administration or the armed forces of the United States for
9 service incurred disabilities and who meets the requirements of
10 the following schedule:
1 War Person Service in Disability Taxable
2 War % Value
3 Allowance
4 Indian Civil Veteran or 3 months, or No $3,500.00
5 Spanish- veteran's widow 1 day with requirement
6 American or widower discharge
7 Mexican for service-
8 connected
9 disability
10 World War I Widow or widower 3 months, or No $2,500.00
11 World War II of nondisabled 1 day with requirement
12 Korean or nonpensioned discharge
13 veteran for service-
14 connected
15 disability
16 All wars or Pensioned veteran Any No $3,500.00
17 presidential or veteran's requirement
18 executive widow or widower
19 order or
20 presidential
21 proclamation
22 All wars or Veteran with Any 10-50 $3,500.00
23 presidential service-connected
24 executive disability or
25 order or veteran's widow
26 presidential or widower
27 proclamation
28 All wars or Veteran with Any 60-70-80 $4,000.00
29 presidential service-connected
30 executive disability or
31 order or veteran's widow
32 presidential or widower
33 proclamation
34 All wars or Veteran with Any 90-100 $4,500.00
35 presidential service-connected
36 executive disability or
37 order or veteran's widow
38 presidential or widower
39 proclamation
40 All wars or Widow or widower Any No $4,500.00
41 presidential of veteran dying requirement
42 executive in service
43 order or
44 presidential
45 proclamation
1 Current Serviceperson or Any No $3,500.00
2 service serviceperson's requirement
3 widow or widower