HOUSE BILL No. 5315


     October 23, 1997, Introduced by Reps. Profit, Perricone and McBryde and referred to the Committee on Tax Policy.


        A bill to amend 1941 PA 122, entitled

   "An act to establish a revenue division of the department of
   treasury; to prescribe its powers and duties as the revenue col-
   lection agency of the state; to prescribe certain powers and
   duties of the state treasurer; to create the position and to
   define the powers and duties of the state commissioner of reve-
   nue; to provide for the transfer of powers and duties now vested
   in certain other state boards, commissions, departments and
   offices; to prescribe certain duties of and require certain
   reports from the department of treasury; to provide procedures
   for the payment, administration, audit, assessment, levy of
   interests or penalties on, and appeals of taxes and tax liabili-
   ty; to prescribe its powers and duties if an agreement to act as
   agent for a city to administer, collect, and enforce the city
   income tax act on behalf of a city is entered into with any city;
   to provide an appropriation; to abolish the state board of tax
   administration; and to declare the effect of this act,"

   by amending section 18 (MCL 205.18), as added by 1980 PA 162.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         Sec. 18.  (1) The department shall publish annually a report

 2    containing statistical data on revenue collections made by the





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 1    department during the past fiscal year and may publish additional

 2    reports on a periodic basis.

 3         (2) BEGINNING JANUARY 1, 1998, ALL REVENUE FORECASTING

 4    REPORTS MADE BY THE DEPARTMENT UNDER THIS ACT OR OTHERWISE PRO-

 5    VIDED BY LAW SHALL INCLUDE DYNAMIC REVENUE FORECASTING.  AS USED

 6    IN THIS SUBSECTION, "DYNAMIC REVENUE FORECASTING" MEANS FORECAST-

 7    ING THE DIRECT IMPACT OF A TAX LAW CHANGE ON REVENUES AND THE

 8    OTHER EFFECTS OF TAX LAW CHANGES ON THE BEHAVIOR OF TAXPAYERS AND

 9    ON OVERALL ECONOMIC ACTIVITY.






































   04382'97          Final page.                            JLB