Bill Text: MI HB4049 | 2011-2012 | 96th Legislature | Introduced
Bill Title: Michigan business tax; credits; credit for construction of certain energy-efficient homes; provide for. Amends 2007 PA 36 (MCL 208.1101 - 208.1601) by adding sec. 465.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2011-01-18 - Printed Bill Filed 01/14/2011 [HB4049 Detail]
Download: Michigan-2011-HB4049-Introduced.html
HOUSE BILL No. 4049
January 13, 2011, Introduced by Reps. Stamas and MacMaster and referred to the Committee on Tax Policy.
A bill to amend 2007 PA 36, entitled
"Michigan business tax act,"
(MCL 208.1101 to 208.1601) by adding section 465.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 465. (1) For tax years that begin after December 31,
2010, an eligible contractor that constructs a new energy-efficient
home that is purchased by another person for use as a residence
during the tax year may claim a credit against the tax imposed by
this act equal to the following:
(a) For a dwelling unit or manufactured home described in
subsection (2), $2,000.00.
(b) For a manufactured home described in subsection (3),
$1,000.00.
(2) Except as otherwise provided under subsection (3), to
qualify for the credit under this section, the dwelling unit or a
manufactured home that conforms to the federal manufactured home
construction and safety standards under 24 CFR 3280 shall meet the
following energy-saving requirements:
(a) The dwelling unit or manufactured home is certified to
have a level of annual heating and cooling energy consumption which
is at least 50% below the annual level of heating and cooling
energy consumption of a comparable dwelling unit that is
constructed in accordance with the standards of chapter 4 of the
2003 international energy conservation code for residential
buildings, and the heating and cooling equipment efficiencies
correspond to the minimum allowed under the regulations established
by the United States department of energy pursuant to the national
appliance energy conservation act of 1987, 42 USC 6291 to 6309.
(b) The dwelling unit or manufactured home is certified to
have building envelope component improvements that account for at
least 1/5 of the 50% energy consumption reduction described under
subdivision (a).
(3) A manufactured home that conforms to the federal
manufactured home construction and safety standards under 24 CFR
3280 and satisfies either of the following qualifies for the credit
under this section:
(a) The manufactured home is certified to have a level of
annual heating and cooling energy consumption which is at least 30%
below the annual level of heating and cooling energy consumption of
a comparable dwelling unit that is constructed in accordance with
the standards of chapter 4 of the 2003 international energy
conservation code for residential buildings, the heating and
cooling equipment efficiencies correspond to the minimum allowed
under the regulations established by the United States department
of energy pursuant to the national appliance energy conservation
act of 1987, 42 USC 6291 to 6309, and the manufactured home is
certified to have building envelope component improvements that
account for at least 1/3 of the 30% energy consumption reduction
described under this subdivision.
(b) The manufactured home meets the requirements established
by the administrator of the environmental protection agency under
the federal energy star labeled homes program.
(4) For purposes of subsections (2) and (3), certification
shall be made in accordance with the guidance prescribed by the
department of energy, labor, and economic growth. The guidance
shall specify the procedures and methods for calculating energy and
cost savings. The certification required under subsections (2) and
(3) shall be made in writing in a manner which specifies in readily
verifiable fashion the energy-efficient building envelope
components and energy-efficient heating or cooling equipment
installed and their respective rated energy efficiency performance.
(5) If the amount of 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 for the tax year shall
not be refunded but may be carried forward to offset tax liability
in subsequent tax years for 5 years or until used up, whichever
occurs first.
(6) As used in this section:
(a) "Eligible contractor" means a person that has constructed
the qualified new energy-efficient home or, for a qualified new
energy-efficient home that is a manufactured home, the producer of
the manufactured home.
(b) "Qualified new energy-efficient home" means a dwelling
unit or manufactured home that satisfies all of the following:
(i) The dwelling unit or manufactured home is located in this
state.
(ii) The construction of the dwelling unit or manufactured home
is substantially completed after the effective date of the
amendatory act that added this section.
(iii) The dwelling unit or manufactured home meets the energy-
saving requirements described in subsection (2) or (3).
