October 19, 2016, Introduced by Rep. Chatfield 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 tax years that begin after December 31,
2016, a taxpayer may claim a credit against the tax imposed by this
part equal to the amount paid in the tax year for textbooks
purchased and used by the taxpayer or a dependent of the taxpayer
in the tax year that are required for classes taken by the taxpayer
or a dependent of that taxpayer at a public school, a public school
academy, or an institution of higher education in this state.
(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:
(a) "Dependent" means that term as defined in section 30e.
(b) "Institution of higher education" means a public
institution that offers a degree or course of study beyond the
twelfth grade.
(c) "Public school" and "public school academy" mean those
terms as defined in section 5 of the revised school code, 1976 PA
451, MCL 380.5.