HB 5226 Summary

• Adds the Prostate Cancer Understanding Prevention Screenings (P.C.U.P.S.) Foundation Fund as a new contribution designation option starting with the 2016 tax year on Michigan state income tax returns.

• Allows individual taxpayers to designate contributions of $5.00, $10.00, or more of their refunds to the P.C.U.P.S. Foundation Fund on their annual income tax returns.

• Removes the Girl Scouts of Michigan Fund from the contributions schedule by striking the previous subsection (f) that authorized it for the 2011 tax year and beyond.

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

• Specifies that contributions are distributed within 1 year and cannot be used for administrative purposes of the fund itself.