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MI SB1063

Bill

Status

Engrossed

11/29/2016

Primary Sponsor

Jim Stamas

Click for details

Origin

Senate

98th Legislature

AI Summary

  • Distributes 15% of 4% sales tax collections to cities, villages, and townships under the Glenn Steil state revenue sharing act.

  • Deposits 60% of 4% sales tax collections plus all 2% additional sales tax (approved March 15, 1994) into the state school aid fund.

  • 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.

  • 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.

  • 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

Committee Referrals

Local Government11/29/2016
Economic Development And International Investment9/7/2016

Full Bill Text

No bill text available