A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 51d (MCL 206.51d), as amended by 2020 PA 75.
SB 698 amends the Income Tax Act of 1967 to allocate specific amounts of revenue to the Michigan transportation fund, with varying figures for different fiscal years and conditional reductions based on the minimum foundation allowance, and its enactment is dependent on the passage of another related bill.
SB 699 amends the 1951 PA 51 to refine the allocation and administration of transportation funds in Michigan, including specific appropriations for various transportation-related accounts, changes to existing funding statutes, and mandates for annual reporting and securing pavement warranties for significant projects.
Co-sponsored by Sens.
Referred to the Committee on Appropriations
