Bill > HB4187

This bill modifies the distribution of corporate income tax revenue in Michigan for different state fiscal years, with a focus on allocating funds to various state funds and infrastructure projects. From the 2022-2023 through 2024-2025 fiscal years, the bill directs corporate income tax revenue first to the general fund (up to $1.2 billion), then to the Michigan housing and community development fund (up to $50 million), next to the revitalization and placemaking fund (up to $50 million), and then to the strategic outreach and attraction reserve fund (up to $500 million), with any remaining balance going to the general fund. Beginning in the 2025-2026 fiscal year through 2029-2030, the bill mandates $50 million be deposited to the housing development fund, with up to $2.2 billion then distributed primarily to road-related agencies: 90% to local road agencies (split among neighborhood roads, county road commissions, and cities and villages) and 10% to the state trunk line fund. A similar distribution pattern continues from the 2030-2031 fiscal year onward, with slight percentage adjustments to the local road agency allocations. The bill also makes a minor grammatical change in the existing tax code, replacing "which" with "that" in one section. The bill is contingent on the passage of several related House Bills.

Budget and Finance, Transportation and Infrastructure

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4187