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MI SB0381
Bill
AI Summary
- Creates the Special Olympics Michigan Fund within the Department of Treasury to provide donations to Special Olympics Michigan
- State Treasurer credits to the fund all amounts appropriated under section 435 of the income tax act of 1967, plus money from any other source
- Fund money, interest, and earnings shall be expended solely for donations to Special Olympics Michigan
- Money in the fund at year's end remains in the fund and does not lapse to the general fund
- Act takes effect only if House Bill No. 4632 of the 96th Legislature is also enacted into law
Legislative Description
Income tax; other; special Olympics Michigan fund; create. Creates new act. TIE BAR WITH: HB 4632'11
Income tax, other
Last Action
Assigned Pa 0155'12 With Immediate Effect
6/6/2012
Committee Referrals
Tax Policy6/16/2011
Finance5/17/2011
Full Bill Text
No bill text available