June 25, 2009, Introduced by Reps. Pearce, Bolger, Tyler, Paul Scott, Green, Hildenbrand, Meekhof, Haines, Denby, Meltzer, Walsh, Knollenberg, DeShazor, Kurtz, Pavlov, Daley, Haveman, Crawford, Rocca, Proos, Agema and Marleau 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 259.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 259. (1) For the 2010 tax year and each tax year after
2010, a taxpayer may claim a credit against the tax imposed by this
act equal to 50% of the amount paid by the taxpayer during the tax
year to install, in accordance with the requirements of the Stille-
DeRossett-Hale single state construction code act, 1972 PA 230, MCL
125.1501 to 125.1531, photoelectric smoke alarms or ionization
smoke alarms in a residential building or structure owned by the
taxpayer.
(2) To claim the credit allowed under this section, the
taxpayer shall, on a form or in a format as prescribed by the
department, provide proof of purchase or other verification of the
amount paid for the purchase and installation of the smoke alarms
along with documentation verifying that the smoke alarms were
installed in compliance with the requirements of the Stille-
DeRossett-Hale single state construction code act, 1972 PA 230, MCL
125.1501 to 125.1531, and attach that verification to its annual
return under this act for the tax year in which the credit under
this section is claimed.
(3) If the credit allowed under this section for the tax year
exceeds the taxpayer's tax liability for the tax year, that portion
that exceeds the tax liability shall not be refunded.
(4) As used in this section:
(a) "Ionization smoke alarm" means a device that utilizes the
presence of ions and the electrical current produced by those ions
as a detection mechanism for smoke and provides an alarm suitable
to alert the occupants of smoke and a potential fire hazard.
(b) "Photoelectric smoke alarm" means a device that utilizes
light as a detection mechanism for smoke and provides an alarm
suitable to alert the occupants of smoke and a potential fire
hazard.
(c) "Residential building or structure" means a single-family
dwelling, 1- or 2-family detached dwelling, or multiple-family
dwelling.