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MI HB5678

Bill

Official Source

Status

Passed

9/21/2010

Primary Sponsor

Lee Gonzales

Click for details

Origin

House of Representatives

95th Legislature

AI Summary

  • Amends the Michigan sales tax distribution law (1933 PA 167, section 25) to redirect funds from the comprehensive transportation fund to the general fund for fiscal years 2006-2010
  • Reduces comprehensive transportation fund deposits by $11,100,000 in fiscal year 2006, $10,270,000 in fiscal year 2007, $5,000,000 in fiscal year 2008, and $5,700,000 in fiscal year 2010, with reductions deposited to the general fund instead
  • Maintains existing distributions of 15% of 4% sales tax to cities, villages, and townships, and 60% of 4% sales tax plus all 2% sales tax to the state school aid fund
  • Requires minimum annual deposits of $9,000,000 to $12,000,000 from computer software sales tax collections to the Michigan health initiative fund
  • Effective September 17, 2010

Legislative Description

Sales tax; distribution; transfer of funds from the comprehensive transportation fund into the general fund; provide for. Amends sec. 25 of 1933 PA 167 (MCL 205.75).

Transportation, funds

Last Action

Assigned Pa 160'10 With Immediate Effect

9/21/2010

Committee Referrals

Appropriations12/10/2009

Full Bill Text

No bill text available