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MI SB0267
Bill
AI Summary
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Amends the General Sales Tax Act to modify distributions of sales tax revenue collected at a 4% rate for fiscal year 2015-2016 and thereafter.
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Directs sales tax collections from aviation fuel and aviation products to the state aeronautics fund, with a maximum annual deposit of $10,000,000.
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Extends aviation fuel tax provisions permanently starting in fiscal year 2015-2016, replacing the previous one-year limitation (fiscal year 2013 only).
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Maintains existing distributions: 15% to cities, villages, and townships under the Glenn Steil revenue sharing act, and 60% to the state school aid fund.
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Continues deposits of motor vehicle-related sales tax collections into the comprehensive transportation fund and allocates motor fuel tax revenue to state trunk line fund and county/city road systems.
Legislative Description
Sales tax; distribution; distribution of certain revenue from aviation fuel to be earmarked into the state aeronautics fund; provide for. Amends sec. 25 of 1933 PA 167 (MCL 205.75).
Sales tax: distribution
Last Action
Referred To Committee On Transportation
4/15/2015