SB 0561
Sales tax: distribution; distribution of sales tax revenue for the revenue sharing trust fund; provide for. Amends sec. 25 of 1933 PA 167 (MCL 205.75). TIE BAR WITH: SB 0559'25, SB 0912'26
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies how Michigan’s sales tax revenue is distributed. It directs 8.6% of the sales tax collected to a new revenue sharing trust fund, which will then distribute funds to cities, villages, townships, and counties. The bill also outlines specific allocations for transportation, school aid, aviation fuel, and computer software, including provisions for addressing revenue lost due to certain exemptions and exclusions.
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