MI HB4444

Creates a bottle deposit fund in the department of treasury as a revolving fund that does not revert to the general fund.

Directs the department of treasury to deposit amounts paid by underredeemers into the bottle deposit fund for annual disbursement.

For 2020-2022, if underredeemer payments exceed $50,000,000 annually, the excess amount above $50,000,000 may be disbursed to the general fund for tax credits under the income tax act before distributing remaining funds.

Requires annual distribution of remaining bottle deposit fund revenues: 75% to the cleanup and redevelopment trust fund and 25% to dealers based on the number of empty returnable containers handled.

Authorizes the department of treasury to promulgate rules under the administrative procedures act to implement and administer the bottle deposit system.