SENATE BILL NO. 1004

April 12, 2022, Introduced by Senators VANDERWALL, HOLLIER, WOZNIAK, DALEY and SCHMIDT and referred to the Committee on Regulatory Reform.

A bill to amend 1998 PA 58, entitled

"Michigan liquor control code of 1998,"

(MCL 436.1101 to 436.2303) by adding section 1016.

the people of the state of michigan enact:

Sec. 1016. Notwithstanding R 436.1041 of the Michigan Administrative Code, a licensee may donate a portion of the profits generated from the licensee's license to an organization that is not a licensee and that is exempt from taxation under section 501(c)(3) of the internal revenue code of 1986, 26 USC 501, if the licensee records its profits on its financial records before making the donation allowed under this section.