Loading chat...
MI HB4606
Bill
Status
5/14/2015
Primary Sponsor
Philip Potvin
Click for details
AI Summary
-
Deposits all general sales tax revenue to the state general fund, with specified distributions to other funds as detailed in the section.
-
Distributes 15% of 4% rate collections to cities, villages, and townships through the Glenn Steil revenue sharing act.
-
Deposits 60% of 4% rate collections plus all 2% additional rate collections (approved in 1994) into the state school aid fund.
-
Allocates at least 27.9% of 25% of motor fuel, vehicle, and vehicle parts sales tax collections at the 4% rate to the comprehensive transportation fund.
-
Beginning October 1, 2015, directs remaining motor fuel sales tax collections after other allocations to be distributed under section 10(1)(k) of 1951 PA 51.
Legislative Description
Sales tax; distribution; portion of sales tax revenue; earmark to transportation fund. Amends sec. 25 of 1933 PA 167 (MCL 205.75).
State agencies (existing): transportation
Last Action
Referred To Committee On Government Operations
6/11/2015