In an effort to find additional revenue sources for the state budget, the Michigan House of Representatives voted late last night to repeal a $80 million tax credit that the auto insurance industry has been taking advantage of for the past several years. As talks about this repeal heated up in Lansing, a proposal was made to cap all injured auto accident victims in the Assigned Claims Fund at $275,000 as a "peace offering" to the insurers to compensate them for the loss of this tax credit. The Coalition Protecting Auto No-fault (CPAN), Michigan Brain Injury Providers Council (MBIPC), the Brain Injury Association of Michigan (BIAMI) and countless people who work in the medical and rehabilitation field jumped into action to stop this dangerous proposal and ensure that all victims of catastrophic auto accidents will have access to the necessary medical and rehabilitative care provided under Michigan Auto No-fault.
Fortunately our efforts and persistence paid off and the tax credit was repealed without seeing any cap placed on accident victims in the Assigned Claims Fund.
Unique Options, LLC would like to personally thank all of the State Representatives who heard our message and realized that trying to balance the budget at the expense of auto accident victims is just wrong. Your leadership, compassion, and willingness to do the right thing is greatly appreciated, and will make a tremendous difference in the lives of auto accident victims.