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URL:  https://boards.fool.com/more-mi-lunacy-30393985.aspx

Subject:  More MI lunacy Date:  11/21/2012  3:31 PM
Author:  telegraph Number:  656390 of 884309

State lawmakers discussed legislation at a House Tax Policy Committee on Tuesday that would allow a fetus of at least 12-weeks to qualify as a dependent for state income tax purposes.

Current state law allows parents to claim a $3,700 tax deduction for a dependent. WWJ Lansing Bureau Chief Tim Skubick says House Bills 5684 and 5685 will extend that tax exemption to expecting parents.



The fetus tax credit, which could cost the state $5 million to $10 million a year in revenue, is currently pending in a house committee.

http://detroit.cbslocal.com/2012/11/21/michigan-lawmakers-mu...


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MI has no problem with tax revenues and budgets...... so let's give up 10 million or more a year in revenue.....

Can you imagine the fraud? Hmmm..I"m pregnant....claim the $3700 tax credit...... oops.....miscarried.....same scam next year.....who is going to check it?

Lunacy at work......

t
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