SENATE BILL NO. 376


   February 24, 1999, Introduced by Senator GOUGEON, GOSCHKA and
        HAMMERSTROM and referred to the Committee on Finance.



        A bill to amend 1975 PA 228, entitled

   "Single business tax act,"

   (MCL 208.1 to 208.145) by adding section 39d.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 39D.  (1) FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31,

 2    1998, A TAXPAYER MAY CLAIM A CREDIT AGAINST THE TAX IMPOSED UNDER

 3    THIS ACT EQUAL TO THE VALUE, NOT TO EXCEED $5,000.00, OF A WORK-

 4    ING MOTOR VEHICLE DONATED IN THE TAX YEAR TO THE FAMILY INDEPEN-

 5    DENCE AGENCY BY THE TAXPAYER FOR USE BY A PERSON WHO HAS EXECUTED

 6    A SOCIAL CONTRACT DESCRIBED UNDER SECTION 57E OF THE SOCIAL WEL-

 7    FARE ACT, 1939 PA 280, MCL 400.57E.

 8         (2) IF THE CREDIT ALLOWED UNDER THIS SECTION EXCEEDS THE TAX

 9    LIABILITY OF THE TAXPAYER FOR THE TAXABLE YEAR, THE PORTION OF

10    THE CREDIT THAT EXCEEDS THE TAX LIABILITY SHALL BE REFUNDED.




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