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MI SB0817
Bill
AI Summary
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Establishes the Michigan World War II Legacy Memorial fund in the Michigan Department of Treasury to honor Michigan residents who served in the armed forces and on the home front during World War II.
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Designates the Department of Treasury as administrator of the fund for auditing purposes, with the State Treasurer directing fund investments.
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Funds the memorial through appropriations under section 435 of the Income Tax Act of 1967 and from gifts or donations to the fund.
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Requires all fund money, interest, and earnings to be distributed solely as donations to the Michigan World War II Legacy Memorial organization upon annual appropriation.
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Effective June 28, 2018, contingent upon Senate Bill 816 being enacted into law.
Legislative Description
Individual income tax; other; Michigan World War II Legacy Memorial fund act; create. Creates new act. TIE BAR WITH: SB 0816'18
Individual income tax: other
Last Action
Assigned Pa 0257'18 With Immediate Effect
9/5/2018