SB 1222 Summary

• Allows Michigan lottery prize winners to receive payments in a single lump sum or installments, with the option selected at the point of purchase for the Michigan lotto game (6 out of 49 numbers).

• Permits voluntary assignment of future lottery prize payments through court order if the assignor provides a sworn affidavit confirming sound mind, no duress, legal counsel advice, and understanding of state liability limitations.

• Prohibits disclosure of names, addresses, and personal information of winners of prizes exceeding $10,000 unless the winner agrees in writing to disclosure.

• Requires the commissioner to establish reasonable fees to cover administrative costs and processing fees associated with prize assignments under the section.

• Mandates filing of federal Internal Revenue Service rulings or court decisions affecting the tax treatment of lottery prize assignments with the secretary of state and state court administrator, halting new voluntary assignment orders if such rulings are filed.