June 2, 2004, Introduced by Senators TOY, SCHAUER, BIRKHOLZ, KUIPERS, GOSCHKA, HARDIMAN, GARCIA, BASHAM and OLSHOVE and referred to the Committee on Senior Citizens and Veterans Affairs.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.532) by adding section 438.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 438. (1) For tax years that begin after December 31,
2 2003, a taxpayer may designate on his or her annual return that a
3 contribution of $2.00 of his or her refund be credited to the
4 state of Michigan veterans' trust fund created in section 37 of
5 article IX of the state constitution of 1963. If a taxpayer's
6 refund is not sufficient to make a contribution under this
7 section, the taxpayer may designate that $1.00 be added to the
8 taxpayer's tax liability for the tax year.
9 (2) The contribution designation authorized in this section
10 shall be clearly and unambiguously printed on the first page of
11 all state individual income tax return forms, if practicable.
1 (3) Notwithstanding the other allocations and disbursements
2 required by this act, an amount equal to the cumulative
3 designations made under this section, less the amount
4 appropriated to the department of treasury for the purpose of
5 implementing this section, shall be deposited in the Michigan
6 veterans' trust fund created in section 37 of article IX of the
7 state constitution of 1963 and shall be appropriated solely for
8 the purposes of that fund.