MI HB6175

Adds the American Red Cross Michigan fund as a new contribution designation option on Michigan income tax returns for the 2010 tax year and each subsequent tax year.

Allows individual taxpayers to designate contributions of $5.00, $10.00, or more from their income tax refunds to various charitable and public funds, including the newly added American Red Cross Michigan fund.

Requires the Department of Treasury to maintain a separate contributions schedule listing all available contribution designations in alphabetical order, incorporated into the tax return starting in the 2010 tax year.

Permits the Department to remove a contribution designation if it fails to raise $100,000.00 in any tax year for 2 consecutive years.

Authorizes taxpayers to designate contributions even if their refund is insufficient, with the contribution amount added to their tax liability instead.

Takes effect only if House Bill 6176 is enacted into law.