October 23, 2003, Introduced by Senators VAN WOERKOM, KUIPERS, GARCIA, HAMMERSTROM, JELINEK, CROPSEY, ALLEN, BIRKHOLZ, BROWN, GOSCHKA, BRATER, HARDIMAN, THOMAS and BARCIA and referred to the Committee on Finance.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.532) by adding section 270.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 270. (1) For tax years that begin after December 31,
2 2003, a taxpayer who is a qualified dentist may credit against
3 the tax imposed by this act an amount equal to the total amount
4 of payments made by the taxpayer in the tax year to repay the
5 taxpayer's student loans or $5,000.00, whichever is less.
6 (2) The credit under this section may be claimed for a
7 maximum of 4 tax years.
8 (3) If the amount of the credit allowed under this section
9 exceeds the tax liability of the taxpayer for the tax year, that
10 portion of the credit that exceeds the tax liability shall not be
11 refunded.
1 (4) As used in this section:
2 (a) "Dental services" means services provided by a dentist as
3 part of his or her practice of dentistry.
4 (b) "Dentist" and "practice of dentistry" mean those terms as
5 defined in section 16601 of the public health code, 1978 PA 368,
6 MCL 333.16601.
7 (c) "Medicaid" means the program for medical assistance
8 administered by the department of community health under the
9 social welfare act, 1939 PA 280, MCL 400.1 to 400.119b.
10 (d) "Qualified dentist" means a dentist who meets all of the
11 following criteria:
12 (i) Is a resident of this state.
13 (ii) Has his or her primary practice of dentistry located in
14 this state.
15 (iii) Provides dental services to medicaid recipients for
16 reimbursement during the tax year for which the credit under this
17 section is claimed or provides dental services on a volunteer
18 basis to medicaid recipients at least 12 hours each month of the
19 tax year for which the credit under this section is claimed.