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MI SB0428

Bill

Official Source

Status

Passed

8/3/2016

Primary Sponsor

Rick Jones

Click for details

Origin

Senate

98th Legislature

AI Summary

  • Creates the American Red Cross Michigan fund in the Michigan Department of Treasury to provide donations to Michigan chapters of the American Red Cross.

  • State treasurer credits to the fund all amounts appropriated under section 435 of the 1967 Income Tax Act and money from any other sources designated for the fund.

  • Fund money, interest, and earnings are expended solely for donations to the mid-Michigan chapter of the American Red Cross for distribution to Michigan chapters.

  • Fund balances do not lapse to the general fund at year-end and remain available for distribution upon annual appropriation.

  • Legislation is contingent on Senate Bill No. 429 of the 98th Legislature being enacted into law; effective date is June 16, 2016.

Legislative Description

Individual income tax; other; American Red Cross Michigan fund act; create. Creates new act. TIE BAR WITH: SB 0429'15

Individual income tax: other

Last Action

Presented To Governor 6/14/2016 @ 11:38 Am

9/6/2016

Committee Referrals

Tax Policy10/22/2015
Finance7/1/2015

Full Bill Text

No bill text available