SB1076 Summary

• Removes the Michigan Junior Achievement Fund from the income tax checkoff contributions schedule, effective for tax years after 2016.

• Requires the Department of Treasury to treat all contribution designations on the 2019 tax year schedule as meeting the $50,000 minimum revenue threshold for the 2020 tax year, regardless of actual amounts raised.

• Maintains existing checkoff options for charitable contributions including children's trust fund, military family relief fund, animal welfare fund, and United Way fund.

• Adds clarifying language that the department shall "except as otherwise provided" consider revenue thresholds, establishing the 2020 tax year exception to the consecutive 2-year minimum revenue requirement.