HOUSE BILL No. 4357
February 19, 1997, Introduced by Rep. Profit and referred to the Committee on Senior Citizens and Veterans Affairs. A bill to amend 1967 PA 281, entitled "Income tax act of 1967," (MCL 206.1 to 206.532) by adding section 438. THE PEOPLE OF THE STATE OF MICHIGAN ENACT: 1 SEC. 438. (1) FOR THE 1997 TAX YEAR AND EACH TAX YEAR AFTER 2 THE 1997 TAX YEAR, A TAXPAYER THAT IS ENTITLED TO A TAX REFUND 3 UNDER THIS ACT SUFFICIENT TO MAKE A DESIGNATION UNDER THIS SEC- 4 TION MAY DESIGNATE THAT $2.00 OR MORE OF HIS OR HER REFUND BE 5 CREDITED TO THE VIETNAM VETERANS MEMORIAL MONUMENT FUND CREATED 6 IN SECTION 3 OF THE MICHIGAN VIETNAM VETERANS MEMORIAL ACT, 1988 7 PA 234, MCL 35.1053. IF THE TAXPAYER'S REFUND IS NOT SUFFICIENT 8 TO MAKE A CONTRIBUTION UNDER THIS SECTION, THE TAXPAYER MAY DES- 9 IGNATE A CONTRIBUTION AMOUNT AND THAT CONTRIBUTION AMOUNT SHALL 10 BE ADDED TO THE TAXPAYER'S TAX LIABILITY FOR THE TAX YEAR. 02141'97 RJA 2 1 (2) THE TAX DESIGNATION AUTHORIZED IN THIS SECTION SHALL BE 2 CLEARLY AND UNAMBIGUOUSLY PRINTED ON THE FIRST PAGE OF THE STATE 3 INDIVIDUAL INCOME TAX RETURN FORMS AND THE CONTRIBUTION AMOUNT 4 SHALL BE CONSISTENT WITH THAT OF OTHER TAX DESIGNATIONS. 5 (3) NOTWITHSTANDING ANY OTHER ALLOCATIONS OR DISBURSEMENTS 6 REQUIRED BY THIS ACT, AN AMOUNT EQUAL TO THE CUMULATIVE DESIGNA- 7 TION MADE UNDER THIS SECTION, LESS THE AMOUNT APPROPRIATED TO THE 8 DEPARTMENT TO IMPLEMENT THIS SECTION, SHALL BE DEPOSITED IN THE 9 VIETNAM VETERANS MEMORIAL MONUMENT FUND CREATED IN SECTION 3 OF 10 THE MICHIGAN VIETNAM VETERANS MEMORIAL ACT, 1988 PA 234, MCL 11 35.1053, AND SHALL BE APPROPRIATED SOLELY FOR THE PURPOSES OF 12 THAT FUND. 02141'97 Final page. RJA