Michigan Compiled Laws
Act 513 of 2006 - Individual or Family Development Account Program Act (206.901 - 206.911)
Section 206.907, 206.908 - Repealed. 2011, Act 38, Eff. Jan. 1, 2012.

Compiler's Notes: The repealed sections pertained to eligibility for tax credit and limitation on total amount of credits.

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 206 - Income Tax Act of 1967

Act 513 of 2006 - Individual or Family Development Account Program Act (206.901 - 206.911)

Section 206.901 - Short Title.

Section 206.902 - Definitions.

Section 206.903 - Individual or Family Development Account; Establishment; Purpose; Policies and Procedures; Approving and Reviewing Qualifications of Fiduciary Organizations and Program Sites; Factors; Implementation of Programs.

Section 206.904 - Eligibility; Approval or Rejection of Applicant by Program Site; Limitation on Number of Accounts; Duties of Individual; Establishment of Account; Purposes; Signatures for Withdrawals.

Section 206.905 - Participant Savings Plan Agreement; Matching Funds; Distributions; Manner.

Section 206.906 - Withdrawal Matched by Program Site; Contingent Beneficiary; Financial Institution Not Responsible for Verification.

Section 206.907, 206.908 - Repealed. 2011, Act 38, Eff. Jan. 1, 2012.

Section 206.909 - Administration of Individual or Family Development Account Program by Fiduciary Organization; Report.

Section 206.910 - Rules.

Section 206.911 - Effective Date.