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MI HB6179

Bill

Official Source

Status

Introduced

6/9/2022

Primary Sponsor

Jack O'Malley

Click for details

Origin

House of Representatives

101st Legislature

AI Summary

  • Beginning with fiscal year 2022-2023, deposits revenue lost from the sales tax exemption under MCL 205.54ii into the school aid fund and comprehensive transportation fund in amounts equal to the revenue loss as determined by the department
  • Applies to income tax revenue collected under section 51 of the Income Tax Act of 1967
  • Deposits must be made annually to both the school aid fund (created under Michigan Constitution Article IX, Section 11) and the comprehensive transportation fund (created under MCL 247.660b)
  • Money deposited under this section is separate from and in addition to other distributions to the school aid fund under existing law

Legislative Description

Individual income tax: collections; distribution of revenue into school fund and comprehensive transportation fund; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 51h.

Individual income tax: credit

Last Action

Bill Electronically Reproduced 06/09/2022

6/14/2022

Committee Referrals

Tax Policy6/9/2022

Full Bill Text

No bill text available