MI HB4647

Adds Boy Scouts of Michigan fund as a new contribution designation option on Michigan income tax returns, effective for the 2016 tax year and thereafter.

Allows taxpayers to designate $5.00 or more of their tax refund to the Boy Scouts of Michigan fund, which will be created under section 3 of the Boy Scouts of Michigan fund act.

Removes the Girl Scouts of Michigan fund (subsection (f)) from the list of available contribution designations by striking that provision.

Maintains the existing $50,000 annual minimum threshold for contribution designations; any designation failing to raise $50,000 for 2 consecutive tax years will be removed from the tax return.

Bill is contingent on passage of Senate Bill or House Bill 4648 and does not take effect unless one of those bills is enacted into law.