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2013 House Bill 4832: Authorize energy efficient new home purchase tax breaks
  1. Introduced by Rep. Jon Switalski (D) on June 13, 2013, to authorize a $5,000 individual income tax credit for a person who buys a new home that has been deemed a “green structure” by a particular private entity specified in the bill (“Green Michigan”), and a $2,000 credit for an addition or renovation that meets the criteria established by this entity, or by a similar entity that has been empowered with this authority by the state Department of Labor and Economic Growth. The credit would not be “refundable” (that is, would not be a potential cash subsidy), but the amount exceeding the person’s tax liability could be “carried forward” and used against future years’ tax liability.   Full Text and Analysis.
    • Referred to the House Tax Policy Committee on June 13, 2013.