The bill amends the Income Tax Act of 1967 by adding a new section that allows taxpayers in Michigan to claim a credit against their income tax for contributions made to ballot question committees or candidate committees for state or local elective offices, starting from tax years beginning on or after January 1, 2028. The credit is capped at $250 for single returns and $500 for joint returns. However, contributions to independent committees, political party committees, and caucus committees are excluded from eligibility for this credit.

To claim the credit, taxpayers must provide verification of their contributions in a manner prescribed by the department. If the credit exceeds the taxpayer's tax liability, the excess amount will be refunded. The bill also defines various terms related to campaign finance as per the Michigan campaign finance act and refers to this credit as the "amplify Mi voice credit."

Statutes affected:
House Introduced Bill: 206.1, 206.847