MI HB6213

Changes language in the income tax revenue distribution section from "shall" to "must" for grammatical modernization throughout the statute.

Eliminates the $800,000,000 appropriation to the Michigan taxpayer rebate fund for the 2021-2022 fiscal year that was contingent on previous legislation.

Maintains the 2022-2025 fiscal year distribution structure: up to $1,200,000,000 to the general fund, up to $50,000,000 to the Michigan housing and community development fund, up to $50,000,000 to the revitalization and placemaking fund, and up to $500,000,000 to the strategic outreach and attraction reserve fund.

Beginning with the 2025-2026 fiscal year, redirects all corporate income tax revenue collected under this part to the Michigan transportation fund created in 1951 PA 51, replacing the previous arrangement that sent revenue to the Michigan housing and community development fund and the general fund.