MI SB0559

Establishes the Revenue Sharing Trust Fund in the Department of Treasury beginning October 1, 2025, funded by general sales tax deposits, donations, and investment earnings

Allocates $299,126,400 to cities, villages, and townships based on proportions from 2023 PA 119, regardless of whether previous eligibility criteria were met

Allocates $261,069,700 to counties based on proportions from 2023 PA 119, with additional distributions calculated using taxable value formulas

Distributes remaining funds to local units through three equal components: taxable value payments, unit type population payments (with weight factors ranging from 1.0 for small townships to 10.75 for cities over 640,000), and yield equalization payments

Requires bimonthly distributions on the last business day of October, December, February, April, June, and August, with funds protected from lapsing to the general fund