MI HB5944

Amends Section 51d of the Income Tax Act of 1967 to change the reference for Michigan Transportation Fund disbursement procedures from section 10(1)(l) to section 10(1)(m) of 1951 PA 51

Maintains existing revenue deposit amounts into the Michigan Transportation Fund: $264-$468 million annually from October 2018-2020 (depending on minimum foundation allowance threshold), then $600 million annually beginning October 1, 2020

Revenue deposits are contingent on the minimum foundation allowance remaining above 2017-2018 levels; if it falls below that threshold, deposit amounts are reduced to $150-$325 million during the 2018-2020 period

Bill becomes effective only if Senate Bill No. ____ or House Bill No. 5945 is enacted into law in the 102nd Legislature