INCOME TAX CREDIT FOR POLICE/FIRE ASSESSMENTS
House Bill 4457
Sponsor: Rep. Judson Gilbert III
Committee: Tax Policy
Complete to 8-21-01
A SUMMARY OF HOUSE BILL 4457 AS INTRODUCED 3-13-01
The bill would amend the Income Tax Act to allow a taxpayer to claim a credit equal to the amount paid in special assessments to a city, village, or township for police or fire protection. The bill would apply to tax years beginning after December 31, 2000. A taxpayer could not claim the credit if he or she had included the amount of the special assessment in a claim for a homestead property tax credit.
The bill would specify that the new credit would be claimed on the same form that a homestead property tax credit is currently claimed. The Department of Treasury would be required to adjust that form accordingly.
MCL 206.523
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This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.