Bill Text: MI HB4778 | 2019-2020 | 100th Legislature | Introduced
Bill Title: Individual income tax; credit; purchase or renovation of certain qualified green residential buildings; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 279.
Spectrum: Partisan Bill (Democrat 8-0)
Status: (Introduced - Dead) 2019-07-02 - Bill Electronically Reproduced 07/02/2019 [HB4778 Detail]
Download: Michigan-2019-HB4778-Introduced.html
HOUSE BILL No. 4778
June 26, 2019, Introduced by Reps. Sowerby, Kuppa, Hope, Chirkun, Haadsma, Pohutsky, Koleszar and Bolden 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 206.713) by adding section 279.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 279. (1) Subject to the limitations under this section,
for tax years that begin on and after January 1, 2020, a taxpayer
that purchases a qualified green residential building during the
tax year or that invests in an eligible renovation or addition to
an existing residential building that is completed during the tax
year may claim a credit against the tax imposed by this part as
follows:
(a) For the purchase of a qualified green residential
building, $5,000.00.
(b) For an eligible renovation or addition to an existing
residential building with the following certification:
(i) A platinum LEED certification, platinum GreenStar
certification, emerald NGBS green certification, living building
certification, or Zero Energy Ready Home certification, 30% of the
costs incurred to complete that eligible renovation or addition or
$4,000.00, whichever is less.
(ii) A gold LEED certification, gold GreenStar certification,
or gold NGBS green certification, 30% of the costs incurred to
complete the eligible renovation or addition or $3,000.00,
whichever is less.
(iii) A silver LEED certification, silver GreenStar
certification, or silver NGBS green certification, 30% of the costs
incurred to complete the eligible renovation or addition or
$2,000.00, whichever is less.
(2) A taxpayer shall not claim a credit under this section
unless a certificate has been issued to the taxpayer for the
qualified green residential building or the eligible renovation or
addition. The taxpayer shall attach the certificate to the annual
return filed under this part on which the credit under this section
is claimed. The certificate required under this subsection shall
state, at a minimum, that the qualified green residential building
or the eligible renovation or addition, whichever is applicable,
meets or exceeds the certification standards of that certifying
body.
(3) If the credit allowed under this section for the tax year
and any unused carryforward of the credit allowed by this section
exceed 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 4 years or until used up, whichever occurs
first.
(4) As used in this section:
(a) "Eligible renovation or addition" means a renovation or
addition made to an existing residential structure that is located
in this state, that is renovated or constructed by a person
licensed under article 24 of the occupational code, 1980 PA 299,
MCL 339.2401 to 339.2412, that was issued a building permit for the
renovation or addition as required under the Stille-DeRossett-Hale
single state construction code act, 1972 PA 230, MCL 125.1501 to
125.1531, and that eligible renovation or addition to the existing
residential structure has been certified by any of the following:
(i) The United States Green Building Council under the LEED
program.
(ii) The Home Innovation Research Labs under the NGBS green
certification program.
(iii) The GreenHome Institute under the greenstar
certification program.
(iv) The United States Department of Energy under the Zero
Energy Ready Home program.
(v) The International Living Future Institute under the living
building challenge program.
(b) "GreenStar certification" means the certification awarded
by the GreenHome Institute.
(c) "LEED" means leadership in energy and environmental
design.
(d) "LEED certification" means the certification awarded by
the United States Green Building Council based on the most recent
LEED green building rating system developed and adopted by the
United States Green Building Council for new buildings and major
renovations.
(e) "NGBS" means national green building standard.
(f) "NGBS green certification" means the certification awarded
by the Home Innovation Research Labs.
(g) "Qualified green residential building" means a newly
constructed residential building that is located in this state,
that is constructed by a person licensed under article 24 of the
occupational code, 1980 PA 299, MCL 339.2401 to 339.2412, that is
constructed or renovated in accordance with the Michigan building
code or the Michigan rehabilitation code for existing buildings as
promulgated pursuant to the Stille-DeRossett-Hale single state
construction code act, 1972 PA 230, MCL 125.1501 to 125.1531, and
that has a platinum LEED certification, platinum GreenStar
certification, emerald NGBS green certification, living building
certification from the International Living Future Institute, or
Zero Energy Ready Home certification from the United States
Department of Energy.
(h) "Residential building" means any 1- and 2-family dwelling,
townhouse, or accessory structure that is regulated by the Michigan
residential code promulgated pursuant to the Stille-DeRossett-Hale
single construction code act, 1972 PA 230, MCL 125.1501 to
125.1531.
