January 9, 2008, Introduced by Rep. Sak 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 206.532) by adding section 254.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 254. (1) For tax years that begin after December 31,
2006, a taxpayer may claim a credit against the tax imposed by this
act equal to the cost of a hybrid vehicle purchased by the taxpayer
in the tax year or $1,000.00, whichever is less.
(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 be
refunded.
(3) As used in this section, "hybrid vehicle" means a motor
vehicle powered by an integrated propulsion system consisting of an
electric motor and combustion engine. Hybrid vehicle does not
include a retrofitted conventional diesel or gasoline engine. A
hybrid vehicle obtains the power necessary to propel the motor
vehicle from a combustion engine and 1 of the following:
(a) A battery cell energy system.
(b) A fuel cell energy system.
(c) A photovoltaic energy system.