Michigan SB0695 amends vehicle registration tax rules for regional transit authorities.

Michigan SB0695 modifies the Michigan Vehicle Code to allow regional transit authorities to charge an additional tax on vehicle registrations in public transit regions, up to $1.20 for each $1,000 of the vehicle's list price. This tax can only be used for comprehensive transportation purposes and requires voter approval. The tax cannot be placed on the ballot unless approved by the regional transit authority's board of directors and certified by the board.

Michigan SB0695 amends vehicle registration tax rules for regional transit authorities.

Michigan SB0695 modifies the Michigan Vehicle Code to allow regional transit authorities to charge an additional tax on vehicle registrations in public transit regions, up to $1.20 for each $1,000 of the vehicle's list price. This tax can only be used for comprehensive transportation purposes and requires voter approval. The tax cannot be placed on the ballot unless approved by the regional transit authority's board of directors and certified by the board.