February 17, 2005, Introduced by Senators McMANUS, VAN WOERKOM, BARCIA, GILBERT, GOSCHKA, ALLEN, STAMAS, HARDIMAN, GARCIA, BROWN and JELINEK and referred to the Committee on Agriculture, Forestry and Tourism.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.532) by adding section 262.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 262. (1) For tax years that begin after December 31,
2005, a taxpayer may claim a credit against the tax imposed by this
act equal to $500.00 in the tax year during which a cellular tower
is placed on property that the taxpayer owns and that is located in
an underserved area.
(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 not be
refunded.
(3) As used in this section:
(a) "Cellular tower" means a tower or antenna constructed for,
or an existing facility that has been adapted for, the location of
transmission or related equipment to be used in the provision of
cellular telecommunications services, personal communications
services, or mobile telecommunications services.
(b) "Underserved area" means a county with a population of
70,000 or less.