HB 4260
Sales tax: distribution; distribution of certain sales tax revenue into the public safety and violence prevention fund; provide for. Amends sec. 25 of 1933 PA 167 (MCL 205.75). TIE BAR WITH: HB 4261'25
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the distribution of Michigan sales tax revenue. Specifically, it directs 1.5% of collected sales tax to the Public Safety and Violence Prevention Fund, starting in fiscal year 2025. It also adjusts the allocation of tax revenue to various funds, including the state school aid fund, comprehensive transportation fund, and aeronautics and qualified airport funds. Furthermore, the bill addresses revenue lost due to specific exemptions and exclusions, requiring reporting and adjustments to the state school aid fund.
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