MI HB4498

Allows individual taxpayers to designate contributions of $5.00 or more from their income tax refunds to the American Red Cross Michigan fund starting with the 2011 tax year.

Requires the Department of Treasury to establish a separate contributions schedule incorporating all authorized contribution designations and to revise the state individual income tax return form to include a line for total contribution designations.

Permits individuals whose refunds are insufficient to make a contribution to instead designate a contribution amount that will be added to their tax liability.

Requires cumulative contributions collected under this section (minus departmental implementation costs) to be appropriated from the general fund and distributed to the appropriate fund administrator, intended to enhance rather than replace existing appropriations.

Takes effect only if Senate Bill No. ____ or House Bill No. 4497 is enacted into law.