MI SB1067

Amends the General Sales Tax Act to add a new subsection (8) directing 50% of the total anticipated incremental increase in sales tax collections attributable to preparation for and hosting of large special events to be deposited into the large special events fund each state fiscal year.

Renumbers existing subsection (8) regarding general fund balance to subsection (9) and renumbers the definitions section to subsection (10).

Maintains all existing sales tax distribution provisions including allocations to local governments (15%), school aid fund (60%), transportation fund (27.9% of 25%), aviation fund (35% of aviation fuel tax), qualified airport fund (65% of aviation fuel tax), and Michigan health initiative fund ($9-12 million annually from computer software sales).

Requires the state treasurer to determine the incremental increase in collections attributable to large special events pursuant to section 6(1)(b) of the large special events fund act.

Bill takes effect only if Senate Bill No. 1065 of the 99th Legislature is enacted into law.