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MI SB1583
Bill
AI Summary
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Amends Section 25 of the General Sales Tax Act (MCL 205.75) to create a new subsection (6) directing sales tax collections from aviation fuel and aviation products to the state aeronautics fund.
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Revenue from the 4% sales tax rate on aviation fuel and aviation products sales shall be deposited in the state aeronautics fund established under the Michigan Aeronautics Code (1945 PA 327, MCL 259.34).
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Funds deposited in the aeronautics fund shall be expended only for purposes authorized under the Michigan Aeronautics Code (MCL 259.1 to 259.208).
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Maintains existing sales tax distribution allocations: 15% to cities/villages/townships, 60% to state school aid fund, 25% (with various conditions) to comprehensive transportation fund and general fund.
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Renumbers the remaining subsection from (6) to (7) to accommodate the new aviation fuel provision.
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
Referred To Committee On Appropriations
11/9/2010