MI SB0324

Allows Michigan individual income tax filers to designate $5.00, $10.00, or more of their tax refund to various charitable and public benefit funds starting in the 2008 tax year.

Adds the Michigan Alzheimer's Association Fund as an available contribution designation beginning with the 2011 tax year, joining existing designations for children of veterans tuition grants, children's trust fund, prostate cancer research, breast cancer prevention, animal welfare, housing development, law enforcement memorial, and multiple other funds.

Requires the Michigan Department of Treasury to maintain a separate contributions schedule listing all available fund designations in alphabetical order and to incorporate new designations as soon as practicable after enactment.

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

Allows taxpayers whose refunds are insufficient to make contributions to instead add the designated contribution amount to their tax liability for that year.

Takes effect only if Senate Bill No. 325 of the 96th Legislature is enacted into law.