MI SB0429

Adds two new charitable contribution designations to Michigan's income tax checkoff program for the 2016 tax year and thereafter: the Michigan junior achievement fund and the American Red Cross Michigan fund.

Allows taxpayers to designate contributions of $5.00 or more from their refunds to these new funds through a separate contributions schedule on the state individual income tax return form.

Maintains the existing requirement that contribution designations must raise at least $50,000 in each tax year or be removed from the schedule after 2 consecutive years of insufficient fundraising.

Limits the total number of separate contribution designations available on the contributions schedule to no more than 10 in any single tax year.

Takes effect only if Senate Bill No. 428 of the 98th Legislature is enacted into law; effective date June 16, 2016.