HB-5091, As Passed Senate, November 9, 2005
SENATE SUBSTITUTE FOR
HOUSE BILL NO. 5091
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 grant program created in the children of
veterans tuition grant program act. 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
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 grant program
of the Michigan higher education assistance authority, and the
funds shall be distributed for programs allowed under the children
of veterans tuition grant 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.