MI HB5170

Amends Section 21 of the Use Tax Act (MCL 205.111) to modify revenue distribution requirements for use tax collections.

Requires the Department of Treasury to deposit revenue lost from the State Education Tax Act and basic school operating mills into the state school aid fund as reimbursement.

Adds requirement to deposit all revenue lost to the school aid fund resulting from exemptions under Section 4cc of the Use Tax Act and Section 4ee of the General Sales Tax Act into the state school aid fund.

Clarifies that local community stabilization share revenue is not state funds and must be transmitted to the local community stabilization authority rather than credited to state treasury.

Takes effect only upon enactment of Senate Bills 616 and 617 from the 98th Legislature (tie-bar provision).