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MI HB4677

Bill

Status

Introduced

5/2/2013

Primary Sponsor

Philip Potvin

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Origin

House of Representatives

97th Legislature

AI Summary

  • Amends Michigan's General Sales Tax Act to modify how sales tax revenue is distributed among state funds and local governments.

  • Allocates 15% of 4% tax rate collections to cities, villages, and townships through the Glenn Steil state revenue sharing act.

  • Deposits 60% of 4% tax rate collections plus all 2% voter-approved collections (from March 15, 1994) into the state school aid fund.

  • Directs 18% of sales tax on motor fuel to the Michigan Transportation Fund beginning September 30, 2016 and each fiscal year thereafter, with a $100,000,000 annual cap on distributions.

  • Establishes dedicated allocations for aviation fuel sales (maximum $10,000,000 annually to state aeronautics fund) and computer software sales ($9,000,000 to $12,000,000 annually to Michigan health initiative fund), effective October 1, 2014.

Legislative Description

Sales tax; distribution; portion of sales tax revenue; earmark to transportation fund. Amends sec. 25 of 1933 PA 167 (MCL 205.75).

Transportation, funds

Last Action

Laid Over One Day Under The Rules

11/13/2014

Committee Referrals

Finance12/10/2013
Transportation And Infrastructure5/2/2013

Full Bill Text

No bill text available