March 25, 2009, Introduced by Reps. Crawford, Horn, Moore, Haveman, Rocca, Paul Scott, Stamas, Wayne Schmidt, Proos, Daley, Calley, Kurtz, Opsommer, McMillin, Tyler, Pearce, Hildenbrand, Knollenberg, Meltzer, Denby, Moss, Rick Jones, Genetski, Agema, Schuitmaker, Meekhof, Rogers, Kowall, Elsenheimer, Ball, Booher, Hansen, Terry Brown, Pavlov, Bolger and Marleau and referred to the Committee on Tax Policy.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.532) by adding section 277.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 277. (1) For tax years that begin after December 31, 2008
and end before January 1, 2011, a taxpayer that purchases a new
motor vehicle during the tax year may claim a credit against the
tax imposed by this act equal to the amount of tax paid for that
purchase under the general sales tax act, 1933 PA 167, MCL 205.51
to 205.78.
(2) If the amount of the credit allowed under this section
exceeds the tax liability of the taxpayer for the tax year, that
portion of the credit that exceeds the tax liability shall be
refunded.
(3) As used in this section, "new motor vehicle" means that
term as defined in section 33a of the Michigan vehicle code, 1949
PA 300, MCL 257.33a.