MI HB4539

Eliminates the sales tax on gasoline and diesel fuel used to operate motor vehicles on Michigan's public roads and highways, effective October 1, 2015.

Repeals the prepayment tax collection system for gasoline and diesel fuel that required purchasers to prepay taxes at refineries, pipeline terminals, and marine terminals through March 31, 2013, and April 1, 2013 through October 1, 2015.

Maintains the 7% sales tax rate on other retail sales and the existing tax collection and deduction provisions for non-fuel transactions.

Requires passage of House Joint Resolution UU and five specific bills (Senate Bills 80, 423, 847 and House Bills 5477, 5492) before the act takes effect on October 1, 2015.

Preserves revenue distribution formulas for state school aid fund, local government revenue sharing, transportation funds, and the Michigan health initiative fund from remaining sales tax collections.