MI SB1439

Amends Michigan Income Tax Act to allow taxpayers to designate contributions of $5.00 or more from their tax refunds to various state funds, starting with the 2008 tax year.

Adds "imagine fund" as a new contribution designation option beginning in the 2011 tax year, joining existing funds such as children's trust fund, prostate cancer research fund, animal welfare fund, and Michigan housing and community development fund.

Requires the Department of Treasury to establish a separate contributions schedule listing all available designation options in alphabetical order and revise tax forms to include a line for total contribution designations.

Allows the Department to remove a contribution designation from the schedule if it fails to raise $100,000 in any tax year for 2 consecutive tax years.

Requires all collected contributions, less administrative costs, to be appropriated from the general fund to departments administering the respective funds and used solely for those fund purposes, in addition to existing appropriations.