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MI SB1063
Bill
AI Summary
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Distributes 15% of 4% sales tax collections to cities, villages, and townships under the Glenn Steil state revenue sharing act.
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Deposits 60% of 4% sales tax collections plus all 2% additional sales tax (approved March 15, 1994) into the state school aid fund.
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Requires at least 27.9% of 25% of sales tax on motor vehicle fuels, vehicles, and related parts/accessories to be deposited into the comprehensive transportation fund.
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Allocates aviation fuel tax collections starting October 1, 2016: 35% to state aeronautics fund and 65% to qualified airport fund, with annual reconciliation of distributions versus actual collections.
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Directs sales and use tax capture revenues from transformational brownfield plans to the state brownfield redevelopment fund, and deposits computer software sales tax collections (between $9-12 million annually) to the Michigan health initiative fund.
Legislative Description
Sales tax; collections; certain revenue attributable to transformational brownfield plans; capture and earmark. Amends sec. 25 of 1933 PA 167 (MCL 205.75). TIE BAR WITH: SB 1061'16
Sales tax: collections
Last Action
Referred To Committee On Local Government
11/29/2016