Stillborn Child Tax Credit (Repealed)
|P.A. 319 of 2006
S.B. 1176 – Sen. Tony Stamas
Stillborn Child Tax Credit legislation was signed into law by Governor Granholm on 7/20/06.
In 2011 Governor Snyder signed a massive tax overhaul which eliminated tax credits across the board including the stillborn tax credit. The elimination of the tax credits became effective January 1, 2012. The stillborn tax credit was not singled out, but was one of more than a dozen tax credits that were eliminated in order to restructure the business tax code.
S.B. 78 was introduced by Sen. Tony Stamas on 1/25/05 and was referred to the Senate Committee on Finance. A hearing was held on 3/1/06, for testimony only. On 2/8/01 Rep. Tony Stamas introduced an identical bill, H.B. 4165. On 11/28/01 the House Tax Policy Committee held a hearing and passed H.B. 4165. The House never took the bill up for a vote due to the budget crisis.
Sen. Leon Stille introduced S.B.1254, a bill identical to H.B. 4165, on 4/30/02 to attempt to move the tax exemption through the Senate since the House was unable to pass the bill. It was referred to the Finance Committee where it never received a hearing. Fiscal shortages resulting from the economic downturn killed the bill.