Bill Text: MI HB5511 | 2021-2022 | 101st Legislature | Introduced
Bill Title: Individual income tax: collections; refugee settlement fund; create, and earmark certain revenue. Amends sec. 471 of 1967 PA 281 (MCL 206.471) & adds sec. 51h.
Spectrum: Partisan Bill (Democrat 10-0)
Status: (Introduced - Dead) 2021-11-03 - Bill Electronically Reproduced 11/02/2021 [HB5511 Detail]
Download: Michigan-2021-HB5511-Introduced.html
HOUSE BILL NO. 5511
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
by amending section 471 (MCL 206.471), as amended by 2011 PA 38, and by adding section 51h.
the people of the state of michigan enact:
Sec. 51h. (1) In addition to the distribution under sections 51, 51d, 51e, 51f, and 51g, beginning October 1, 2022, from the revenue collected from the tax levied under section 51 that is attributable to taxpayers designated as refugees on his or her annual return, an amount determined by the department necessary, based upon the applications received pursuant to subsection (3), to reimburse local units of government for settlement costs associated with refugees residing in their district shall be deposited into the refugee settlement fund created in this section.
(2) The refugee settlement fund is created within the state treasury. The state treasurer may receive money or other assets from any source for deposit into the fund. The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments. Money in the fund at the close of the fiscal year shall remain in the fund and shall not lapse to the general fund. The department shall be the administrator of the fund for auditing purposes.
(3) The department shall establish the procedures and forms for local units of government to apply for reimbursement from the refugee settlement fund for the settlement costs associated with 1 or more refugees who reside within their district.
(4) The department shall, upon appropriation, expend money from the fund to make disbursements to local units of government that apply for reimbursement of settlement costs attributable to refugees who reside within their district. If the amount of revenue in the fund is insufficient to fully reimburse each local unit of government that applied pursuant to subsection (3), the department shall distribute the funds pro rata among those local units of government. The department may utilize up to 5% of the amount deposited into the refugee settlement fund pursuant to subsection (1) to pay for the administration of the refugee settlement fund.
Sec. 471. (1) The tax imposed by this part shall be administered by the department. The department shall prescribe forms for use by taxpayers and may promulgate rules for all of the following:
(a) The maintenance by taxpayers of records, books, and accounts.
(b) The computation of the tax.
(c) The manner and time of changing or electing accounting methods and of exercising the accounting method options contained in this part.
(d) The making of returns, the payment of tax due, and the ascertainment, assessment, and collection of the tax.
(2) The rules shall follow the rulings of the United States internal revenue service with respect to the federal income tax if those rulings are not inconsistent with this part, and the department may adopt as a part of the rules any portions of the internal revenue code or rulings, in whole or in part.
(3) A summary of state expenditures and revenues by major category, in dollar amounts and percentage of total, for the most recent state fiscal year that the information is available, shall be printed in the instruction booklet accompanying each state income tax return.
(4) Each state income tax return shall contain a space for the taxpayer to indicate the school district in which the taxpayer resides. For the 2021 tax year and each tax year after 2021, each state income tax return shall contain a space for a taxpayer to designate if he or she has been granted refugee status and admitted into the United States and to indicate the local unit of government in which the taxpayer resides.
(5) The department may provide information in the instruction booklet about the purchase of an annual state park motor vehicle permit pursuant to part 741 of the natural resources and environmental protection act, 1994 PA 451, MCL 324.74101 to 324.74125.324.74126.
(6) In the instruction booklet that accompanies the annual return required under this part, the department shall provide a clear and concise listing of each credit and each deduction allowed under this part and a reference to a detailed explanation.
(7) The department shall post the list described in subsection (6) on the department's official website.
