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MI HB6461
Bill
Status
10/13/2010
Primary Sponsor
Bertram Johnson
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AI Summary
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Establishes a tiered funding schedule for a metropolitan authority operating a qualified convention facility, providing $11,000,000 annually for fiscal years 2010-2011, decreasing to $5,000,000 annually by fiscal year 2018 and continuing through 2023.
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Distributes remaining convention facility development fund revenue to counties based on liquor tax collections, with separate allocations for counties with and without convention hotels, beginning with fiscal year 2016 using a 1.01 multiplier for annual adjustments.
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Requires 50% of distributions to taxing units that approve additional millage rates to be used for substance abuse treatment within the taxing unit.
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Allocates $9,400,000 for fiscal year 2009 to cover the metropolitan authority's implementation costs, creation expenses, and facility transfer or lease costs.
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Distributes $6,600,000 to the state general fund for fiscal year 2009 and $5,000,000 for fiscal year 2010 to be expended in fiscal year 2011.
Legislative Description
Taxation; hotel-motel tax; distribution of certain revenue into the general fund; provide for. Amends sec. 10 of 1985 PA 106 (MCL 207.630).
Taxation, hotel-motel tax
Last Action
Assigned Pa 207'10 With Immediate Effect
10/13/2010