April 22, 2004, Introduced by Senators THOMAS and BIRKHOLZ and referred to the Committee on Finance.
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:
1 Sec. 437. (1) For the 2005 tax year and each tax year after
2 the 2005 tax year, an individual may designate on his or her
3 annual return that a contribution of $2.00 or more of his or her
4 refund be credited to the prostate cancer research fund created
5 in the prostate cancer research fund act. If an individual's
6 refund is not sufficient to make a contribution under this
7 section, the individual may designate a contribution amount and
8 that contribution amount shall be added to the individual's tax
9 liability for the tax year.
10 (2) The tax designation authorized in this section shall be
11 clearly and unambiguously printed on the first page of the state
1 individual income tax return forms.
2 (3) Notwithstanding any other allocations or disbursements
3 required by this act, each year that the contribution designation
4 under this section is in effect, an amount equal to the
5 cumulative designation made under this section, less the amount
6 appropriated to the department to implement this section, shall
7 be appropriated from the general fund and deposited in the
8 prostate cancer research fund created in the prostate cancer
9 research fund act and shall be used solely for the purposes of
10 that fund.
11 Enacting section 1. This amendatory act does not take
12 effect unless Senate Bill No. 1161
13 of the 92nd Legislature is enacted into
14 law.