HB 4952
Use tax: distribution; distribution of money to the local government reimbursement fund; modify. Amends sec. 21 of 1937 PA 94 (MCL 205.111).
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies how revenue from the use tax is distributed. It directs a portion of the use tax revenue, particularly from the 2% additional rate approved by voters, to the state school aid fund to compensate for lost revenue due to property tax exemptions. Additionally, it establishes a separate fund for local community stabilization and outlines a specific distribution of aviation fuel use tax revenue between the state aeronautics fund and the qualified airport fund. Finally, it mandates a recurring deposit into the local government reimbursement fund.
Sponsors
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Primary sponsor
John Roth
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