Michigan HB4312 amends the distribution of sales tax revenue, specifying allocations for various funds including the revenue sharing trust fund.

Michigan HB4312 modifies the distribution of sales tax revenue, detailing specific allocations for different funds. It mandates that 8.62% of the collections of the tax imposed at a rate of 4% be deposited into the revenue sharing trust fund, to be distributed to cities, villages, townships, and counties. Additionally, it allocates 27.9% of the collections of the tax imposed at a rate of 4% on fuels sold to propel motor vehicles to the state aeronautics fund.

Michigan HB4312 amends the distribution of sales tax revenue, specifying allocations for various funds including the revenue sharing trust fund.

Michigan HB4312 modifies the distribution of sales tax revenue, detailing specific allocations for different funds. It mandates that 8.62% of the collections of the tax imposed at a rate of 4% be deposited into the revenue sharing trust fund, to be distributed to cities, villages, townships, and counties. Additionally, it allocates 27.9% of the collections of the tax imposed at a rate of 4% on fuels sold to propel motor vehicles to the state aeronautics fund.