November 19, 2008, Introduced by Rep. Brown and referred to the Committee on Tax Policy.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
by amending section 471 (MCL 206.471), as amended by 2002 PA 486.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 471. (1) The tax imposed by this act shall be
administered by the department. The department shall prescribe
forms for use by taxpayers and may promulgate rules for all of the
following:
(a) The maintenance by taxpayers of records, books, and
accounts.
(b) The computation of the tax.
(c) The manner and time of changing or electing accounting
methods and of exercising the accounting method options contained
in this act.
(d) The making of returns, the payment of tax due, and the
ascertainment, assessment, and collection of the tax.
(2) The rules shall follow the rulings of the United States
internal revenue service with respect to the federal income tax if
those rulings are not inconsistent with this act, and the
department may adopt as a part of the rules any portions of the
internal revenue code or rulings, in whole or in part.
(3) A summary of state expenditures and revenues by major
category, in dollar amounts and percentage of total, for the most
recent state fiscal year that the information is available, shall
be printed in the instruction booklet accompanying each state
income tax return.
(4) Each state income tax return shall contain a space for the
taxpayer to indicate the school district in which the taxpayer
resides.
(5) The department may provide information in the instruction
booklet about the purchase of an annual state park motor vehicle
permit pursuant to part 741 of the natural resources and
environmental protection act, 1994 PA 451, MCL 324.74101 to
324.74125.
(6) In the instruction booklet that accompanies the annual
return required under this act, the department shall provide a
clear and concise listing of each credit and each deduction allowed
under this act and a reference to a detailed explanation. For the
2009 tax year and each tax year after 2009, the department shall
clearly and unambiguously print on the first page of the state
individual income tax return form a reminder for senior citizens to
review the listing of all credits and deductions available to
senior citizens in the instruction booklet or on the department's
official website.
(7) The department shall post the list described in subsection
(6) on the department's official website.