Bill Text: MI HB6600 | 2017-2018 | 99th Legislature | Introduced

---

Bill Title: Individual income tax; collections; appropriation of certain revenues attributable to the good jobs for Michigan program; sunset. Amends sec. 51f of 1967 PA 281 (MCL 206.51f).

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-12-11 - Bill Electronically Reproduced 12/06/2018 [HB6600 Detail]

Download: Michigan-2017-HB6600-Introduced.html

---

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HOUSE BILL No. 6600

 

 

December 6, 2018, Introduced by Reps. Howrylak, Reilly and Johnson and referred to the Committee on Tax Policy.

 

     A bill to amend 1967 PA 281, entitled

 

"Income tax act of 1967,"

 

by amending section 51f (MCL 206.51f), as added by 2017 PA 110.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 51f. (1) In addition to the distributions under sections

 

51, and 51d, and 51e, from the revenue collected from the tax

 

levied under section 51 an amount equal to that portion of the

 

withholding tax capture revenues attributable to certified new jobs

 

and due to be paid to an authorized business pursuant to a written

 

agreement entered into before the effective date of the 2018

 

amendatory act that added this phrase under chapter 8D of the

 

Michigan strategic fund act, 1984 PA 270, MCL 125.2090g to

 

125.2090j, shall be deposited each state fiscal year into the good

 

jobs for Michigan fund created in section 90j of the Michigan

 

strategic fund act, 1984 PA 270, MCL 125.2090j.

     (2) As used in this section, "authorized business", "certified

 

new jobs", "withholding tax capture revenues", and "written

 

agreement" mean those terms as defined in section 90g of the

 

Michigan strategic fund act, 1984 PA 270, MCL 125.2090g.

 

     Enacting section 1. This amendatory act does not take effect

 

unless Senate Bill No.____ or House Bill No.____ (request no.

 

06970'19) of the 99th Legislature is enacted into law.