HOUSE BILL NO. 6498

December 02, 2020, Introduced by Reps. Hammoud, Anthony, Sowerby and Aiyash 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 206.713) by adding section 280.

the people of the state of michigan enact:

Sec. 280. (1) For the 2021 tax year and each tax year after the 2021 tax year, a taxpayer may claim a 1-time credit against the tax imposed by this part equal to the cost paid during the tax year for a qualified credit counseling program conducted by a certified counselor or $100.00, whichever is less.

(2) If 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 not be refunded.

(3) As used in this section:

(a) "Certified counselor" means that term as defined in section 2 of the debt management act, 1975 PA 148, MCL 451.412.

(b) "Qualified credit counseling program" means a financial or debt counseling program offered by a person licensed under the debt management act, 1975 PA 148, MCL 451.411 to 451.437.