SB 0556
Individual income tax: other; MiAble fund; create. Amends 2015 PA 160 (MCL 206.981 - 206.997) by adding sec. 3a. TIE BAR WITH: SB 555'25
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill creates a new fund called the MiABLE fund within the state treasury. The fund will receive money from the state’s income tax system and be used to support the Michigan ABLE savings program. Specifically, the fund will cover administrative costs and reimburse fees associated with the ABLE program. The fund’s money will not expire and remain available for these purposes until appropriated.
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Primary sponsor
Cosponsor
Mark E. Huizenga
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