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MI HB4677
Bill
Status
5/2/2013
Primary Sponsor
Philip Potvin
Click for details
AI Summary
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Amends Michigan's General Sales Tax Act to modify how sales tax revenue is distributed among state funds and local governments.
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Allocates 15% of 4% tax rate collections to cities, villages, and townships through the Glenn Steil state revenue sharing act.
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Deposits 60% of 4% tax rate collections plus all 2% voter-approved collections (from March 15, 1994) into the state school aid fund.
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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.
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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