SB-0999, As Passed Senate, January 17, 2008

SUBSTITUTE FOR

SENATE BILL NO. 999

A bill to amend 1967 PA 281, entitled

"Income tax act of 1967,"

(MCL 206.1 to 206.532) by adding section 253.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

Sec. 253. (1) For the 2007 tax year, a taxpayer may claim a

credit against the tax imposed by this act equal to the expenses

incurred by the taxpayer during the tax year from October 2 through

December 4 to comply with former section 3d of the use tax act,

1937 PA 94.

(2) A taxpayer who claims the credit under this section shall

verify that the actual expenses incurred as a result of the

enactment of former section 3d of the use tax act, 1937 PA 94, are

the same number as used to calculate the credit under this section.

The taxpayer shall attach the verification to his or her annual

return under this act for the tax year in which the credit under