MI SB1161

Adds new subsection (5) requiring the Department of Treasury to deposit 10% of collections from the 4% sales tax rate into the revenue sharing trust fund created under the Michigan Trust Fund Act, beginning October 15, 2023 and every other month thereafter.

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

Maintains all existing sales tax distribution provisions for cities, villages, townships, state school aid fund, comprehensive transportation fund, aviation fuel, and computer software taxes.

Takes effect only if Senate Bill No. 1160 of the 101st Legislature is enacted into law.