MI HB5001

Creates a refugee settlement fund within the state treasury to reimburse local units of government for settlement costs associated with refugees, beginning October 1, 2020.

Deposits revenue from individual income taxes collected from taxpayers designated as refugees on their annual returns into the refugee settlement fund, as determined by the Department of Treasury based on applications received.

Allows local units of government to apply to the Department of Treasury for reimbursement of settlement costs for refugees residing in their district, with pro-rata distribution if funds are insufficient.

Authorizes the Department of Treasury to use up to 5% of deposited funds for administering the refugee settlement fund.

Requires state income tax returns for 2019 and subsequent tax years to include a space for taxpayers to designate refugee status and indicate their local unit of government of residence.