House Bill 4109 was recently introduced that makes some exercise equipment and memberships tax deductible in Michigan.
One could assume Tonya Schuitmaker, the bill’s sponsor is intent on encouraging greater fitness among Michigan taxpayers.
The problem is the legislative language is very limiting. A cyclist could deduct their bicycle purchase if it were used “for the sole purpose of engaging in vigorous exercise.” If you ride that bike to work or to the local coffee shop, you can kiss that deduction goodbye. If you decide to enter a bike race then you lose your deduction.
The language makes me wonder if my cycling food and clothing would be deductible.
Our synopsis: Good intentions. Bad bill. (more…)
Ninety-nine years later and bicyclists are facing the same issues
Yesterday Mayor Cockrel signed the
Today (Monday, January 26th) at noon I’ll be on