April 23, 2015, Introduced by Reps. Singh, Pagan, Howrylak and Brinks 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 253.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 253. (1) For tax years that begin after December 31, 2014
and subject to the applicable limitations in this section, a
taxpayer may claim a credit against the tax imposed by this part
equal to 50% of the aggregate amount of charitable contributions
made by the taxpayer during the tax year to qualified charitable
organizations.
(2) The amount allowable as a credit under this section for a
tax year shall not exceed $100.00, or for taxpayers filing a joint
return as provided in section 311, $200.00.
(3) If the credit allowed under this section exceeds the tax
liability of the taxpayer for the tax year, that amount that
exceeds the tax liability shall not be refunded.
(4) As used in this section, "qualified charitable
organization" means an organization that is exempt from taxation
under section 501(c)(3) of the internal revenue code and that is
registered with the attorney general in accordance with the
charitable organizations and solicitations act, 1975 PA 169, MCL
400.271 to 400.294.