MI HB4030

Adds the Lions of Michigan Foundation fund to the list of charitable organizations that Michigan taxpayers can designate contributions to on their state income tax returns, effective for the 2018 tax year and subsequent years.

Allows individual taxpayers to contribute $5.00, $10.00, or more of their refund to the Lions of Michigan Foundation fund through a designation on their annual tax return.

Requires the department to maintain a contributions schedule with no more than 10 separate charitable contribution designations in any single tax year, with new designations listed in alphabetical order.

Automatically removes a contribution designation from the schedule if it fails to raise $50,000.00 in any tax year for 2 consecutive tax years.

Effective date is June 28, 2018, contingent on the enactment of House Bill No. 4031 of the 99th Legislature.