MI SB0835

Establishes a tax credit equal to 50% of charitable contributions made for tax years beginning after December 31, 2013, to qualifying organizations including public art programs, libraries, public broadcast stations, institutions of higher learning, and state museums.

Limits tax credit for individual taxpayers to $100 per year ($200 for joint returns) and for resident estates or trusts to the lesser of 10% of tax liability or $5,000.

Allows tax credits for donations of artwork created by the taxpayer's personal effort to municipalities or the state, with fair market value determined by independent appraisal at time of donation.

Requires nonprofit organizations benefiting higher education institutions to be controlled or approved by the institution's governing board and to provide annual independently audited financial statements to the state auditor general and appropriations committee chairs.

Defines "institution of higher learning" as educational institutions within Michigan that maintain regular faculty and curriculum, offer post-secondary education, award associate degrees or higher, and are recognized by the state board of education.