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MI HB5677

Bill

Status

Introduced

5/24/2012

Primary Sponsor

Thomas Stallworth

Click for details

Origin

House of Representatives

96th Legislature

AI Summary

  • Establishes a declining payment schedule for convention facility operational deficit costs, distributing $11 million annually for fiscal years 2010-2011, decreasing to $5 million annually from fiscal years 2018-2023 to a metropolitan authority under the regional convention facility authority act.

  • Directs distribution of liquor tax collections from counties without convention hotels proportionally to those counties for fiscal years ending before October 1, 2015, with a separate calculation for counties with convention hotels.

  • Requires that a portion of liquor tax distributions to qualified cities be paid directly to those cities and used only for substance abuse prevention, with "qualified city" defined in section 9(6).

  • Provides for annual 1% increases in liquor tax distributions beginning in fiscal year 2016, capped at actual tax collections, with excess convention facility development fund revenue distributed to metropolitan authorities for bond retirement and operational deficit costs.

  • Specifies quarterly and annual distribution timelines through the state treasurer, with distributions calculated based on previous state fiscal year liquor tax collections from specific counties and licensees.

Legislative Description

Taxation; hotel-motel tax; distribution of convention tax revenue; modify. Amends sec. 10 of 1985 PA 106 (MCL 207.630).

Taxation, hotel-motel tax

Last Action

Printed Bill Filed 05/25/2012

5/29/2012

Committee Referrals

Tax Policy5/24/2012

Full Bill Text

No bill text available