MI HB5932

Increases individual income tax revenue dedicated to the Michigan transportation fund starting October 1, 2018 through September 30, 2019 from $150 million to $475 million annually.

Eliminates the October 1, 2019 through September 30, 2020 earmark period of $325 million, consolidating the timeline.

Beginning October 1, 2020 and each subsequent October 1 thereafter, dedicates $600 million in income tax revenue to the Michigan transportation fund.

Changes the reference for fund disbursement from section 10(1)(k) to section 10(1)(l) of 1951 PA 51 (MCL 247.660).

Expands the section reference for distributions from only section 51(2) to include sections 51, 51e, and 51f of the income tax act.