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MI HB6270
Bill
Status
12/10/2024
Primary Sponsor
Mike McFall
Click for details
AI Summary
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Increases the percentage of general sales tax on motor vehicle-related purchases deposited into the comprehensive transportation fund from 27.9% of 25% to 60% of 25% for fiscal year October 1, 2024 through September 30, 2025
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Beginning October 1, 2025, requires 25% of general sales tax collections on fuels, motor vehicles, and vehicle parts to be deposited annually into the comprehensive transportation fund
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Removes the temporary language limiting the current requirement to September 30, 2024
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Takes effect only if Senate Bill No. ____ or House Bill No. 6269 is enacted into law
Legislative Description
Sales tax: distribution; disposition of money to the comprehensive transportation fund; modify. Amends sec. 25 of 1933 PA 167 (MCL 205.75).
Sales tax: distribution
Last Action
Bill Electronically Reproduced 12/11/2024
12/11/2024