An act to amend 1937 PA 94, entitled “An act to provide for the levy, assessment, and collection of a specific excise tax on the storage, use, or consumption in this state of tangible personal property and certain services; to appropriate the proceeds of that tax; to prescribe penalties; and to make appropriations,” by amending section 21 (MCL 205.111), as amended by 2023 PA 21.
House Bills 4553 and 4554 would amend different acts to create the Local Government Reimbursement Fund and provide for the deposit of use tax revenue in the fund. The fund would be used to reimburse municipalities for changes to the small business personal property tax exemption proposed by Senate Bill 331.
Co-sponsored by Reps.
Referred to the Committee on Tax Policy
Reported with substitute H-1
Substitute H-1 concurred in by voice vote
Passed in the House 76 to 32 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Referred to the Committee of the Whole
Reported without amendment
Passed in the Senate 37 to 0 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
