HOUSE BILL No. 4312 February 20, 2001, Introduced by Reps. Switalski, Neumann and Lemmons and referred to the Committee on Tax Policy. 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 pur- 3 suant to this act. 4 (2)AnFOR TAX YEARS THAT BEGIN BEFORE JANUARY 1, 2001, AN 5 individual whose tax liability under the income tax act of 1967, 6Act No. 281 of the Public Acts of 1967, as amended, being sec-7tions 206.1 to 206.532 of the Michigan Compiled Laws1967 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 02168'01 RJA 2 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, 2001. 7 (4) An amount equal to the cumulative amounts designated 8 under subsection (2) each TAX year THAT BEGINS BEFORE JANUARY 1, 9 2001 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 qual- 20 ifying primary election candidates, the state treasurer shall set 21 aside sufficient funds from the state campaign fund to fully 22 implement the formula for distributing funds to qualifying gen- 23 eral 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. 02168'01 3 1 Enacting section 1. This section is repealed on the January 2 1 following the year in which the balance in the state campaign 3 fund is zero. 4 Enacting section 2. This amendatory act does not take 5 effect unless Senate Bill No. ___ or House Bill No. 4311 (request 6 no. 02167'01) of the 91st Legislature is enacted into law. 02168'01 Final page. RJA