May 3, 2018, Introduced by Reps. Yaroch, McCready, Webber, Lucido, Farrington, Chirkun, Hertel and Yanez and referred to the Committee on Transportation and Infrastructure.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
by amending section 51d (MCL 206.51d), as added by 2015 PA 179.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec.
51d. In addition to the distribution distributions under
section
51(2), sections 51, 51e, and
51f, the following amounts of
revenue collected from the tax levied under section 51 shall be
deposited into the state treasury to the credit of the Michigan
transportation fund created in section 10 of 1951 PA 51, MCL
247.660,
and disbursed as provided in section 10(1)(k) 10(1)(l) of
1951 PA 51, MCL 247.660:
(a) Beginning October 1, 2018 through September 30, 2019,
$150,000,000.00.$475,000,000.00.
(b)
Beginning October 1, 2019 through September 30, 2020,
$325,000,000.00.
(c)
Beginning October 1, 2020 and each
October 1 thereafter,
$600,000,000.00.