Bill > HB4952

This bill modifies the Use Tax Act by changing how tax revenues are distributed across various state funds. Specifically, the bill adjusts the amount of money deposited into the local government reimbursement fund from use tax collections. For fiscal years ending September 30, 2024 and 2025, $75,000,000 will be deposited into this fund each year. Starting with the fiscal year ending September 30, 2026, the annual deposit will decrease to $25,000,000. The bill maintains existing provisions for other fund allocations, such as depositing certain use tax collections into the state school aid fund, the state aeronautics fund, and the qualified airport fund. These allocations are based on various revenue sources, including taxes from aviation fuel and exemptions for personal property. The bill aims to provide consistent funding for local governments while maintaining existing tax revenue distribution mechanisms, ensuring that specific state funds continue to receive appropriate financial support.

Budget and Finance

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4952