Michigan SB0561 amends the distribution of sales tax revenue, including specific allocations for various funds and entities.

Michigan SB0561 amends the distribution of sales tax revenue. It specifies that 15% of the collections of the tax imposed at a rate of 4% must be distributed to cities, villages, and townships. Additionally, 8.6% of the collections of the tax imposed at a rate of 4% must be deposited into the revenue sharing trust fund and distributed to cities, villages, townships, and counties. The bill also mandates that an amount equal to the collections of the tax imposed at a rate of 4% from the sale at retail of computer software must be deposited in the Michigan health initiative fund.

Michigan SB0561 amends the distribution of sales tax revenue, including specific allocations for various funds and entities.

Michigan SB0561 amends the distribution of sales tax revenue. It specifies that 15% of the collections of the tax imposed at a rate of 4% must be distributed to cities, villages, and townships. Additionally, 8.6% of the collections of the tax imposed at a rate of 4% must be deposited into the revenue sharing trust fund and distributed to cities, villages, townships, and counties. The bill also mandates that an amount equal to the collections of the tax imposed at a rate of 4% from the sale at retail of computer software must be deposited in the Michigan health initiative fund.