MI HB4630

Amends the Michigan vehicle registration tax structure under the 1949 Motor Vehicle Act, modifying registration fees collected by the Secretary of State.

Establishes three-tiered tax schedules for commercial vehicles (trucks, road tractors, truck tractors) based on elected gross weight, effective March 1, 2016 through February 28, 2018, with rates ranging from $491.00 to $4,117.00 depending on weight category.

Adds $15.00 safety fund deposit requirement for each commercial vehicle registered under the new schedules, to be expended per section 25 of 1951 PA 51.

Implements new registration fee increases for electric vehicles: $75-$200 for vehicles powered solely or predominantly by electricity and $25-$100 for vehicles partially powered by electricity, based on empty weight.

Requires implementation of changes by January 1, 2016, and makes the act contingent upon House Joint Resolution UU of the 97th Legislature becoming part of the 1963 Michigan Constitution.