MI HB6600

Amends the Income Tax Act of 1967 to modify section 51f regarding revenue distributions from income tax collections.

Directs withholding tax capture revenues attributable to certified new jobs under existing written agreements to be deposited into the Good Jobs for Michigan Fund.

Applies only to agreements entered into before the effective date of this 2018 amendatory act under chapter 8D of the Michigan Strategic Fund Act (1984 PA 270).

Defines key terms including "authorized business," "certified new jobs," "withholding tax capture revenues," and "written agreement" by reference to section 90g of the Michigan Strategic Fund Act.

Bill effectiveness is conditioned on the enactment of a related Senate Bill or House Bill (request no. 06970'19) in the 99th Legislature.