Modifies distribution of use tax revenue to local government reimbursement fund.

The bill amends the Michigan use tax law to modify the distribution of collected use tax revenue. Specifically, it mandates that $75 million annually from the state share of use tax revenue be deposited into the local government reimbursement fund starting from the fiscal year ending September 30, 2024. This change affects the allocation of state tax revenue and the funding available to local governments.

Modifies distribution of use tax revenue to local government reimbursement fund.

The bill amends the Michigan use tax law to modify the distribution of collected use tax revenue. Specifically, it mandates that $75 million annually from the state share of use tax revenue be deposited into the local government reimbursement fund starting from the fiscal year ending September 30, 2024. This change affects the allocation of state tax revenue and the funding available to local governments.