Occupations: lobbyists; citations to the motor vehicle sales finance act in 1978 PA 472; revise. Amends sec. 4 of 1978 PA 472 (MCL 4.414). TIE BAR WITH: HB 5354'23

HB 5356 proposes to amend the Lobbyists Act in Michigan by clarifying the definition of a "gift" and explicitly excluding certain financial transactions from that definition. The bill states that loans made by licensed motor vehicle finance companies, as well as contributions to legal defense funds for elected officials, do not count as gifts under the law. Additionally, it defines "immediate family" for the purpose of determining which personal gifts are exempt from reporting requirements. This legislative change is tied to another bill, HB 5354, and will only take effect if that companion legislation is also passed.