Michigan HB4143 amends corporate income tax revenue distribution, earmarking funds to various state funds.
Michigan HB4143 amends the distribution of corporate income tax revenue. For the 2021-2022 fiscal year, $800 million is directed to the Michigan taxpayer rebate fund. Starting in 2026-2027, revenue is earmarked for the Michigan transportation fund. For the 2025-2026 fiscal year, $50 million goes to the Michigan housing and community development fund, with additional funds allocated to various state funds and the general fund.
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