Public Act 7 of 1995 created an income tax credit for college tuition and uniformly applied fees paid on behalf of a student beginning in tax year 1995. To claim this credit, tuition must be paid on behalf of a student attending a Michigan higher education institution which claims tuition will not increase in the ensuing academic year by more than the preceding year's rate of inflation. Institutions must notify the Department of Treasury by July 1 of the tax year whether tuition at their institution will not increase during the ensuing academic year by more than the inflation rate certified by the State Treasurer.

Section 274 of the Income Tax Act requires the following:

Sec. 274(8)(iv) For the 1995 tax year and each tax year after the 1996 tax year, the institution has provided a letter of notification to the State Treasurer before July 1 of the tax year that states that the institution will not increase fees and tuition rates during the ensuing academic year by more than the annual average percentage increase in the United States consumer price index in the immediately preceding tax year.

Sec. 274(8)(d) ‘United States consumer price index' means the United States consumer price index for all urban consumers as defined and reported by the United States Department of Labor, Bureau of Labor Statistics, and as certified by the State Treasurer.

I, Robert J. Kleine, State Treasurer of the State of Michigan, hereby certify that the annual average percentage increase in the United States consumer price index for all urban consumers for the 2007 calendar year was 2.8 percent.

Date: February 15, 2008