Bill Text: MI HB4428 | 2009-2010 | 95th Legislature | Introduced
Bill Title: Use tax; collections; collection on sale or lease of motor vehicles and vehicle-related items; earmark a portion to the comprehensive transportation fund. Amends sec. 21 of 1937 PA 94 (MCL 205.111).
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Introduced - Dead) 2009-02-25 - Printed Bill Filed 02/25/2009 [HB4428 Detail]
Download: Michigan-2009-HB4428-Introduced.html
HOUSE BILL No. 4428
February 24, 2009, Introduced by Reps. Donigan, Byrnes, Gonzales, Spade and Robert Jones and referred to the Committee on Tax Policy.
A bill to amend 1937 PA 94, entitled
"Use tax act,"
by amending section 21 (MCL 205.111), as amended by 1994 PA 34.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec.
21. (1) Except as provided in subsection (2) this
section, all money received and collected under the
provisions of
this act shall be deposited by the department of treasury, in the
state treasury to the credit of the general fund, to be disbursed
only by appropriations by the legislature.
(2) The collections from the use tax imposed at the additional
rate of 2% approved by the electors March 15, 1994 shall be
deposited in the state school aid fund established in section 11 of
article IX of the state constitution of 1963.
(3) In each fiscal year, of the total collections of the use
tax imposed at a rate of 4% directly or indirectly on the sale of
motor vehicles, on the lease of motor vehicles, and on the sale of
the parts and accessories of motor vehicles by new and used car
businesses, used car businesses, accessory dealer businesses, and
gasoline station businesses as classified by the department of
treasury, the following amounts shall be deposited in the following
funds:
(a) Not less than 27.9% of 25% of the total collections shall
be deposited in the comprehensive transportation fund.
(b) The balance to the state general fund.
