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MI HB6486

Bill

Official Source

Status

Introduced

9/23/2010

Primary Sponsor

Paul Opsommer

Click for details

Origin

House of Representatives

95th Legislature

AI Summary

  • Amends Section 25 of the General Sales Tax Act to create a new subsection (6) directing sales tax collections from aviation fuel and aviation products sales to the state aeronautics fund
  • Revenue from the 4% sales tax on aviation fuel and aviation products shall be deposited in the state aeronautics fund established under the Michigan Aeronautics Code (1945 PA 327, MCL 259.34)
  • Funds deposited to the aeronautics fund may only be expended, upon appropriation, for purposes authorized under the Michigan Aeronautics Code (MCL 259.1 to 259.208)
  • The amendment renumbers the previous subsection (6) regarding general fund balances to subsection (7)
  • All other existing sales tax distributions to local governments, schools, transportation fund, health initiative fund, and general fund remain unchanged

Legislative Description

Sales tax; distribution; distribution of certain revenue from aviation fuel to be earmarked into the state aeronautics fund; provide for. Amends sec. 25 of 1933 PA 167 (MCL 205.75).

Sales tax, distribution

Last Action

Notice Given To Discharge Committee

11/9/2010

Committee Referrals

Tax Policy9/23/2010

Full Bill Text

No bill text available