MI SB0822

Establishes a local community stabilization share tax beginning October 1, 2015, that redirects a portion of Michigan's 6% use tax to a Local Community Stabilization Authority for local purposes including police, fire, and ambulance services.

Creates escalating revenue targets for the local community stabilization share, starting at $96.1 million in fiscal year 2015-2016 and increasing to $572.6 million by fiscal year 2027-2028, with subsequent years adjusted by a 1.0% personal property growth factor.

Reduces the state share of use tax revenue correspondingly while maintaining the total combined rate at 6% and increasing the portion of state use tax dedicated to school aid to offset losses from personal property tax exemptions.

Designates the Department of Treasury to administer collection of the local community stabilization share on behalf of the authority, with revenues treated as local authority funds rather than state funds.

Requires approval by Michigan voters at the August 2014 election; if approved, takes effect January 1, 2015.