MI HB6134

Establishes a new deposit requirement beginning October 15, 2022, directing the department to deposit at least $90,460,300.00 bimonthly from the 4% sales tax into the revenue sharing trust fund created under the Michigan trust fund act.

Adjusts the deposit amount to include funds for counties that have been brought back into the revenue sharing formula under the Glenn Steil state revenue sharing act of 1971 since 2019.

Renumbers existing subsections (5) through (10) as subsections (6) through (11) to accommodate the new revenue sharing trust fund deposit requirement.

Takes effect only if Senate Bill No. ____ or House Bill No. 6133 is enacted into law.