Bill Text: MI HB5586 | 2019-2020 | 100th Legislature | Introduced
Bill Title: Individual income tax: collections; distribution of revenue into school fund and comprehensive transportation fund; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 51h. TIE BAR WITH: HB 5582'19, HB 5582'19, HB 5583'19, HB 5584'19, HB 5585'19
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2020-03-10 - Bill Electronically Reproduced 03/10/2020 [HB5586 Detail]
Download: Michigan-2019-HB5586-Introduced.html
HOUSE BILL NO. 5586
March 05, 2020, Introduced by Rep. O'Malley and
referred to the Committee on Appropriations.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.713) by adding section 51h.
the people of the state of michigan enact:
Sec. 51h. (1) In addition to the other
distributions under this part, beginning with the 2020-2021 state fiscal year
and each state fiscal year thereafter, from the revenue collected under section
51 an amount equal to the amount of revenue lost, as determined by the
department, to the school aid fund created in section 11 of article IX of the
state constitution of 1963 and the comprehensive transportation fund, created
in section 10b of 1951 PA 51, MCL 247.660b, respectively, as a result of the
exemption under section 4ii of the general sales tax act, 1967 PA 167, MCL
205.54ii, shall be deposited each state fiscal year into the school aid fund
created in section 11 of article IX of the state constitution of 1963 and the
comprehensive transportation fund created in section 10b of 1951 PA 51, MCL
247.660b, respectively.
(2) Money deposited into the state school aid fund created in section 11 of article IX of the state constitution of 1963 under this section must not include and must be considered in addition to money deposited in the state school aid fund created in section 11 of article IX of the state constitution of 1963 under section 51(2).
Enacting section 1. This amendatory act does not take effect unless all of the following bills of the 100th Legislature are enacted into law:
(a) Senate Bill No.____ or House Bill No. 5582 (request no. 01324'19).
(b) Senate Bill No.____ or House Bill No. 5583 (request no. 01898'19).
(c) Senate Bill No.____ or House Bill No. 5584 (request no. 01899'19).
(d) Senate Bill No.____ or House Bill No. 5585 (request no. 03278'19).
