MI SB0984

Exempts eligible fuel (gasoline and diesel subject to motor fuel tax) from state sales tax effective immediately through March 31, 2023, then resumes sales tax on fuel beginning April 1, 2023.

Requires revenue lost from the fuel sales tax exemption to be deposited into the state school aid fund to offset educational funding impacts.

Makes technical corrections to section 6a regarding fuel prepayment procedures, including changes to language such as replacing "shall" with "must" and updating references to Internal Revenue Service standards.

Modifies section 25 to account for revenue losses from the new fuel exemption under section 4ii in addition to existing exemptions under sections 4a(1)(u) and 4ee when calculating required deposits to the state school aid fund.