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MI SB0990

Bill

Official Source

Status

Vetoed

11/9/2016

Primary Sponsor

Michael Shirkey

Click for details

Origin

Senate

98th Legislature

AI Summary

  • Amends 1967 PA 281 to add section 51f regarding distribution of individual income tax revenue
  • Beginning January 1, 2017 and each January 1 thereafter, deposits an amount equal to 2/3 of the preceding calendar year's statewide aggregate assessments under the use tax act into the Medicaid benefits trust fund
  • Deposited funds are designated solely for maintaining actuarially sound rates for entities subject to use tax provisions
  • Takes effect only if Senate Bills 987, 988, and 989 of the 98th Legislature are also enacted into law

Legislative Description

Individual income tax; collections; earmark for Medicaid federal match; create. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 51f. TIE BAR WITH: SB 0987'16, SB 0988'16, SB 0989'16

Human services: medical services

Last Action

Referred To Committee On Government Operations

11/9/2016

Committee Referrals

Government Operations11/9/2016
Insurance6/8/2016
Michigan Competitiveness5/24/2016

Full Bill Text

No bill text available