A bill to amend 1933 PA 167, entitled “General sales tax act,” by amending section 25 (MCL 205.75), as amended by 2021 PA 108.
The bill outlines the allocation of funds collected under the act, specifying that 15% of the tax collections at a 4% rate are to be distributed to cities, villages, and townships under the Glenn Steil State Revenue Sharing Act of 1971. Additionally, 60% of the 4% tax collections and all collections from the additional 2% tax rate approved in 1994 are designated for the state school aid fund.
Introduced
by
Referred to the Committee on Finance, Insurance, and Consumer Protection
