1019: COMMITTEE SUMMARY (3-2-04) - REVENUE SHARING PAYMENTS

html> 1019: COMMITTEE SUMMARY (3-2-04) - REVENUE SHARING PAYMENTS REVENUE SHARING PAYMENTS S.B. 1019: COMMITTEE SUMMARY

Senate Bill 1019 (as introduced 2-25-04)
Sponsor: Senator Bob Emerson
Committee: Appropriations

Date Completed: 3-2-04

CONTENT
The bill would amend the Glenn Steil State Revenue Sharing Act to clarify the distribution of payments to local units given the appropriation reductions in Executive Order 2003-23, which reduced the revenue sharing appropriation for FY 2003-04 by $72 million. The bill also would allow a local unit's revenue sharing payments to be withheld if the local unit had not distributed an industrial facilities tax as required under Public Act 198 of 1974 (the plant rehabilitation and industrial development act), or the specific tax as required under Section 21b of the Enterprise Zone Act.

MCL 141.911 & 141.913

FISCAL IMPACT
The bill would have no fiscal impact on State or local units unless a local unit failed to distribute any industrial facilities taxes or enterprise zone specific taxes. Under such circumstances, the bill would reduce local unit revenue until the local unit complied with the distribution.

Fiscal Analyst: David Zin

Analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent. sb1019/0304