MI SB0816

Adds three new charitable contribution designations to Michigan's income tax checkoff system for tax year 2018 and beyond: the Fostering Futures Scholarship Trust Fund, the Lions of Michigan Foundation Fund, and the Michigan World War II Legacy Memorial Fund.

Allows individual taxpayers to designate $5.00, $10.00, or more of their tax refund to any available contribution fund, with the option to add designated amounts to tax liability if refund is insufficient.

Maintains the existing limit of no more than 10 separate contribution designations on the contributions schedule in any single tax year, with designations removed if they fail to raise $50,000 for two consecutive tax years.

Requires that contributions be distributed to administering departments within one year and prohibits using contributed funds for administrative purposes.

Takes effect only if Senate Bill No. 817 of the 99th Legislature is enacted into law.