LEAD ABATEMENT TAX CREDIT
House Bill 4443
Sponsor: Rep. Jerry Kooiman
Committee: Tax Policy
Complete to 8-26-03
A SUMMARY OF HOUSE BILL 4443 AS INTRODUCED 3-25-03
The bill would amend the Income Tax Act to provide a refundable credit equal to one-quarter of the costs of any lead abatement measures (i.e., steps taken on the part of the taxpayer to permanently eliminate the hazards presented by the presence of lead-based paint and lead-contaminated dust) to the taxpayer’s homestead or to residential rental property owned by the taxpayer.
MCL 206.270
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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.