2024 Senate Bill 852

Corporate income tax: revenue distribution; redirection of funds from SOAR to bridge repair fund; provide for.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 695 (MCL 206.695), as amended by 2023 PA 4.

Mackinac Center Analysis

Creates a bridge repair fund within the Department of Treasury to repair and rebuild Michigan's worst rated bridges. This will be paid for with state income tax revenues currently diverted to the SOAR Fund used for corporate welfare programs.

Introduced in the Senate

May 1, 2024

Introduced by Sen. Joseph Bellino (R-16)

Referred to the Committee on Appropriations