MI HB4892

Adds the Lions of Michigan Foundation fund as a new charitable contribution designation option on Michigan state income tax returns, effective for the 2016 tax year and thereafter.

Allows individual taxpayers to designate contributions of $5.00 or more from their state income tax refunds to the Lions of Michigan Foundation fund.

Maintains the existing limit of no more than 10 separate contribution designations on the contributions schedule in any single tax year.

Requires the department to remove any contribution designation from the schedule if it fails to raise $50,000.00 for 2 consecutive tax years.

Takes effect only if House Bill 4893 is enacted into law.