Bill Text: MI HB5170 | 2015-2016 | 98th Legislature | Introduced

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Bill Title: Use tax; exemptions; reimbursement of revenue lost to school aid fund as result of certain expenditures; provide for. Amends sec. 21 of 1937 PA 94 (MCL 205.111). TIE BAR WITH: SB 0616'15, SB 0617'15

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2015-12-18 - Printed Bill Filed 12/18/2015 [HB5170 Detail]

Download: Michigan-2015-HB5170-Introduced.html

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HOUSE BILL No. 5170

December 17, 2015, Introduced by Rep. Townsend and referred to the Committee on Tax Policy.

 

     A bill to amend 1937 PA 94, entitled

 

"Use tax act,"

 

by amending section 21 (MCL 205.111), as amended by 2014 PA 80.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 21. (1) Except as provided in subsections (2), (3), and

 

(4), all money received and collected under this act shall be

 

deposited by the department of treasury in the state treasury to

 

the credit of the general fund, to be disbursed only by

 

appropriations by the legislature.

 

     (2) The collections from the use tax imposed at the additional

 

rate of 2% approved by the electors March 15, 1994 shall be

 

deposited in the state school aid fund established in section 11 of

 

article IX of the state constitution of 1963.

 

     (3) From the money received and collected under this act for

 

the state share, an amount equal to all revenue lost under the

state education tax act, 1993 PA 331, MCL 211.901 to 211.906, and

 

all revenue lost from basic school operating mills as a result of

 

the exemption of personal property under sections 9m, 9n, and 9o of

 

the general property tax act, 1893 PA 206, MCL 211.9m, 211.9n, and

 

211.9o, and all revenue lost to the school aid fund as a result of

 

the exemptions under section 4cc of this act and section 4ee of the

 

general sales tax act, 1933 PA 167, MCL 205.54ee, as determined by

 

the department, shall be deposited into the state school aid fund

 

established by section 11 of article IX of the state constitution

 

of 1963. Funds deposited into the state school aid fund under this

 

subsection shall not include the portion of the state share of the

 

use tax imposed at the additional rate of 2% approved by the

 

electors of this state on March 15, 1994 and dedicated for aid to

 

schools under subsection (2).

 

     (4) Money received and collected under this act for the local

 

community stabilization share is not state funds, shall not be

 

credited to the state treasury, and shall be transmitted to the

 

authority for deposit in the treasury of the authority, to be

 

disbursed by the authority only as authorized under the local

 

community stabilization authority act. The local community

 

stabilization share is a local tax, not a state tax, and money

 

received and collected for the local community stabilization share

 

is money of the authority and not money of this state.

 

     Enacting section 1. This amendatory act does not take effect

 

unless all of the following bills of the 98th Legislature are

 

enacted into law:

 

     (a) Senate Bill No. 616.

 

     (b) Senate Bill No. 617.