The bill amends the Michigan Campaign Finance Act by updating Section 61, which pertains to the state campaign fund. It establishes that the state treasurer will administer this fund and allows individuals with a tax liability of $3.00 or more to designate that amount to the state campaign fund. Notably, the bill changes the terminology from "husband and wife" to "spouses" for joint tax returns and specifies that the tax designation must be clearly printed on the first page of the income tax return.

Additionally, the bill mandates that the cumulative amounts designated to the state campaign fund must be appropriated annually from the general fund, ensuring that these funds do not lapse back to the general fund but remain available for distribution. It also includes provisions for the distribution of funds to qualifying candidates and stipulates that any excess funds over $10,000,000 remaining in the state campaign fund after a gubernatorial election will lapse to the general fund. The enactment of this bill is contingent upon the approval of specific joint resolutions by the legislature.

Statutes affected:
House Introduced Bill: 169.261