SB 0358
Use tax: distribution; disposition of money received and collected; revise. Amends sec. 21 of 1937 PA 94 (MCL 205.111). TIE BAR WITH: SB 0357'25
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill revises how the state distributes revenue collected from the use tax, particularly the 2% additional rate approved by voters in 1994. It directs a portion of the revenue to the state school aid fund, accounting for lost revenue from specific tax exemptions and establishing a specific funding transfer to the school aid fund. Additionally, the bill outlines the distribution of use tax revenue for local community stabilization, aviation fuel, and local government reimbursement, with adjustments tied to inflation and specific fund allocations.
Sponsors
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Primary sponsor
Jon C. Bumstead
Cosponsor
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