HOUSE BILL No. 4483


     March 15, 2001, Introduced by Reps. Van Woerkom, Raczkowski, Gilbert, Voorhees, Birkholz, Vander Veen, Kooiman,
Bradstreet, Sanborn, Pappageorge, Julian, Shackleton, Meyer, Middaugh, Woronchak, Schauer, Rocca, Ruth Johnson, Faunce, Toy,
Vander Roest, Garcia, Hager, Tabor, Bisbee and Vear and referred to the Committee on Tax Policy.


        A bill to establish the state home heating credit fund in

   the department of treasury; and to provide certain powers and

   duties of the department of treasury with respect to the home

   heating credit fund.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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           Sec. 1.  This act shall be known and may be cited as the

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      "home heating credit fund act".

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           Sec. 2.  (1) The home heating credit fund is created as a

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      separate fund in the department of treasury.  The fund shall be

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      expended only as provided in this act.

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           (2) The state treasurer shall credit to the home heating

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      credit fund all amounts designated for the home heating credit

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      fund pursuant to section 438 of the income tax act of 1967, 1967

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      PA 281, MCL 206.438.




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           (3) The state treasurer shall direct the investment of the

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      home heating credit fund money in the same manner as other funds

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      are invested.  The state treasurer shall credit to the home heat-

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      ing credit fund the interest and earnings from the home heating

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      credit fund.

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           (4) Money collected as an energy surcharge and deposited in

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      the home heating credit fund under the home heating energy

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      assistance act shall be available for disbursement upon

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      appropriation.

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           (5) Funds granted or funds received as gifts or donations to

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      the home heating credit fund shall be available for disbursement

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      upon appropriation.

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           (6) Money in the home heating credit fund at the close of

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      the state fiscal year shall remain in the home heating credit

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      fund and shall not lapse to the general fund.

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           Sec. 3.  (1) Each year that the contribution designation

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      program under section 438 of the income tax act of 1967, 1967 PA

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      281, MCL 206.438, is in effect, an amount equal to the cumulative

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      designations made under that section less the annual amount

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      appropriated to the department of treasury for the purpose of

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      administering the home heating credit fund and implementing sec-

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      tion 438 of the income tax act of 1967, 1967 PA 281, MCL 206.438,

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      shall be appropriated from the general fund to the home heating

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      credit fund in the department of treasury for use solely in sup-

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      port of the purposes provided in this act.

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           (2) The money in the home heating credit fund shall be used

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      by the department to pay home heating credits claimed pursuant to



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      section 527a of the income tax act of 1967, 1967 PA 281, MCL

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      206.527a, to the extent that credits under that section are not

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      fully funded pursuant to section 527a(19) of that act.  The money

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      in the home heating credit fund shall not be used to replace

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      funds otherwise designated to fund the credits under section 527a

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      of the income tax act of 1967, 1967 PA 281, MCL 206.527a.












































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