MI SB1019

Establishes a revenue sharing trust fund in the Department of Treasury consisting of sales tax revenue deposits, donations, and investment earnings.

State treasurer directs investment of the fund and money remaining at fiscal year end does not lapse to the general fund.

Beginning October 15, 2018 and bimonthly thereafter, directs transfer of $79,187,866.00 from general sales tax revenue to cities, villages, townships, and counties based on their eligibility proportions under 2017 PA 107.

Starting in fiscal year 2020-2021, distributes subsequent sales tax revenue as 66% to local units and 34% to counties using allocation formulas from 2017 PA 107.

Requires governor and budget director to include annual appropriation in budget submissions for transfers from the revenue sharing trust fund.