HB-5091, As Passed House, October 27, 2005
(As amended October 27, 2005)
August 17, 2005, Introduced by Rep. Caul and referred to the Committee on Tax Policy.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.532) by adding section 437.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 437. (1) For the [2006] tax year and each tax year after
the [2006] tax year, an individual may designate on his or her annual
return that a contribution of $2.00 or more of his or her refund be
credited to the Michigan higher education assistance authority
created in section 1 of 1960 PA 77, MCL 390.951, for the children
of veterans tuition program. If an individual's refund is not
sufficient to make a contribution under this section, the
individual may designate a contribution amount and that
contribution amount shall be added to the individual's tax
House Bill No. 5091 as amended October 27, 2005
liability for the tax year.
(2) The tax designation authorized in this section shall be
clearly and unambiguously printed on the first page of the state
individual income tax return forms, if practical.
(3) Notwithstanding any other allocations or disbursements
required by this act, each year that the contribution designation
under this section is in effect, an amount equal to the cumulative
contributions made under this section shall be appropriated from
the general fund to the children of veterans tuition program of the
Michigan higher education assistance authority, and the funds shall
be distributed for programs allowed under the children of veterans
tuition act. No money from the contributions made pursuant to this
section shall be used for the purpose of administering this
section.
[Enacting section 1. This amendatory act does not take effect unless all of the following bills of the 93rd Legislature are enacted into law:
(a) House Bill No. 4001.
(b) House Bill No. 4002.]