Bill Text: MI HB5932 | 2017-2018 | 99th Legislature | Introduced

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Bill Title: Individual income tax; collections; earmark to the Michigan transportation fund; accelerate. Amends sec. 51d of 1967 PA 281 (MCL 206.51d).

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2018-05-08 - Bill Electronically Reproduced 05/03/2018 [HB5932 Detail]

Download: Michigan-2017-HB5932-Introduced.html

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HOUSE BILL No. 5932

 

 

May 3, 2018, Introduced by Reps. Yaroch, McCready, Webber, Lucido, Farrington, Chirkun, Hertel and Yanez and referred to the Committee on Transportation and Infrastructure.

 

     A bill to amend 1967 PA 281, entitled

 

"Income tax act of 1967,"

 

by amending section 51d (MCL 206.51d), as added by 2015 PA 179.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 51d. In addition to the distribution distributions under

 

section 51(2), sections 51, 51e, and 51f, the following amounts of

 

revenue collected from the tax levied under section 51 shall be

 

deposited into the state treasury to the credit of the Michigan

 

transportation fund created in section 10 of 1951 PA 51, MCL

 

247.660, and disbursed as provided in section 10(1)(k) 10(1)(l) of

 

1951 PA 51, MCL 247.660:

 

     (a) Beginning October 1, 2018 through September 30, 2019,

 

$150,000,000.00.$475,000,000.00.

     (b) Beginning October 1, 2019 through September 30, 2020,

 

$325,000,000.00.

 

     (c) Beginning October 1, 2020 and each October 1 thereafter,

 

$600,000,000.00.