September 23, 2003, Introduced by Senator SWITALSKI and referred to the Committee on Finance.
A bill to amend 1976 PA 388, entitled
"Michigan campaign finance act,"
by amending section 61 (MCL 169.261), as amended by 1993 PA 262;
and to repeal acts and parts of acts.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 61. (1) The state campaign fund is hereby created.
2 The state treasurer shall administer the state campaign fund
3 pursuant to this act.
4 (2) An For
tax years that begin before January
1, 2003, an
5 individual whose tax liability under the income tax act of 1967,
6 Act No. 281 of the
Public Acts of 1967, as amended, being
7 sections 206.1 to
206.532 of the Michigan Compiled Laws 1967
8 PA 281, MCL 206.1 to 206.532, for a taxable year is $3.00 or more
9 may designate that $3.00 be credited to the state campaign fund.
10 In the case of a joint return of husband and wife having an
1 income tax liability of $6.00 or more, each spouse may designate
2 that $3.00 be credited to the state campaign fund.
3 (3) The tax designation authorized in this section shall be
4 clearly and unambiguously printed on the first page of the state
5 individual income tax return for tax years that begin before
6 January 1, 2003.
7 (4) An amount equal to the cumulative amounts designated
8 under subsection (2) each tax year that begins before January 1,
9 2003 shall be appropriated annually from the general fund of the
10 state to the state campaign fund to be available beginning
11 January 1 and continuing through December 31 of each year in
12 which a governor is elected. The amounts appropriated under this
13 section shall not revert to the general fund but shall remain
14 available to the state campaign fund for distribution without
15 fiscal year limitation except that any amounts remaining in the
16 state campaign fund in excess of $10,000,000.00 on December 31
17 immediately following a gubernatorial general election shall
18 revert to the general fund.
19 (5) Before the distribution of funds under this act to
20 qualifying primary election candidates, the state treasurer shall
21 set aside sufficient funds from the state campaign fund to fully
22 implement the formula for distributing funds to qualifying
23 general election candidates. If insufficient funds exist in the
24 state campaign fund to provide full funding to eligible primary
25 election candidates, the campaign funds shall be distributed to
26 those candidates on a pro rata basis.
27 Enacting section 1. This section is repealed on the January
1 1 following the year in which the balance in the state campaign
2 fund is zero.
3 Enacting section 2. This amendatory act does not take
4 effect unless Senate Bill No. 79 of the 92nd Legislature is
5 enacted into law.