MI HB6024

Adds a new deduction (subdivision aa) to Michigan income tax for tax years beginning January 1, 2021 and later for contributions made to the Michigan feed our future fund created under the Michigan feed our future grant program act.

Adds the feed our future fund to the list of charitable contribution designations on state income tax returns, allowing taxpayers to direct a portion of their refund to this fund starting with the 2021 tax year.

Removes the definition of "senior citizen" from sections 30(1)(f)(iv) and 30(1)(p) and adds it as a new definition in section 30(10)(b) referencing section 514.

Corrects and renumbers contribution designation options in section 435 to remove the Michigan junior achievement fund and properly renumber subsequent designations.

Makes the bill conditional on the enactment of a related Senate or House bill (request no. 05592'20) by the 100th Legislature.