Bill > HB4143

This bill amends the Income Tax Act of 1967 to modify how corporate income tax revenue is distributed across different state funds from fiscal year 2022-2023 through 2026-2027. For fiscal years 2022-2025, the revenue will first be allocated to the general fund (up to $1.2 billion), then potentially to the Michigan housing and community development fund ($50 million), the revitalization and placemaking fund ($50 million), and the strategic outreach and attraction reserve fund ($500 million), with any remaining funds going to the general fund. For fiscal year 2025-2026, the bill introduces a significant change by directing up to $500 million to county road commissions, another $500 million to cities and villages, and any remaining funds to the Michigan transportation fund. Starting in fiscal year 2026-2027, all corporate income tax revenue will be deposited directly into the Michigan transportation fund. The bill effectively shifts the destination of corporate tax revenues from primarily supporting the general fund to increasingly supporting transportation infrastructure across the state.

Transportation and Infrastructure

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4143