February 5, 2003, Introduced by Reps. Kooiman, Richardville, Huizenga, Brandenburg, Voorhees and Shackleton and referred to the Committee on Transportation.
A bill to amend 1937 PA 94, entitled
"Use tax act,"
by amending section 21 (MCL 205.111), as amended by 1994 PA 34.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 21. (1) Except
as provided in subsection (2) this
2 section, all money
received and collected under the provisions
3 of this act shall be deposited by the department of
treasury, in
4 the state treasury to the credit of the general fund, to be
5 disbursed only by appropriations by the legislature.
6 (2) The collections from the use tax imposed at the
7 additional rate of 2% approved by the electors March 15, 1994
8 shall be deposited in the state school aid fund established in
9 section 11 of article IX of the state constitution of 1963.
10 (3) In each fiscal year, of the total collections of the use
11 tax imposed at a rate of 4% directly or indirectly on the sale of
1 motor vehicles, on the lease of motor vehicles, and on the sale
2 of the parts and accessories of motor vehicles by new and used
3 car businesses, used car businesses, accessory dealer businesses,
4 and gasoline station businesses as classified by the department
5 of treasury, the following amounts shall be deposited in the
6 following funds:
7 (a) Not less than 27.9% of 25% of the total collections shall
8 be deposited in the comprehensive transportation fund.
9 (b) The balance to the state general fund.