LANSING, Mich. — Today, State Senator Steve Bieda (D-Warren) has introduced Senate Bill 216, which will require Presidential candidates, along with their Vice-Presidential running mates, to submit their five most recent years of federal and state income tax returns to the Michigan Secretary of State, who will then make these tax returns publicly available online.
“The citizens of Michigan and the American people deserve to know what potential conflicts of interest a presidential candidate and their running mate have, and these potential conflicts can be made clear by turning this federal precedent into state law. The Office of the President is not a private business, it is an office of public service,” said Senator Bieda.
If presidential candidates and their running mates fail to submit their five most recent years of federal and state income tax returns, then they will not be allowed on the ballot in the State of Michigan in the presidential election.
To comply with this new law, Presidential candidates and their running mates must submit their five most recent years of federal and state income tax returns 60 days prior to election day. These candidates must also give the Michigan Secretary of State their consent to make their tax returns public. In turn, the Michigan Secretary of State must post these returns online 30 days prior to election day.
This session Senator Bieda has also introduced Senate Bill 64 requiring financial disclosure for state and local elected officials.