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Michigan Compiled Laws, Chapter 206. Income Tax Act of 1967 § 206.51d

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 51d. In addition to the distributions under sections 51, 51e, and 51f,  1 the following amounts of revenue collected from the tax levied under section 51 shall be deposited into the state treasury to the credit of the Michigan transportation fund created in section 10 of 1951 PA 51, MCL 247.660, and disbursed as provided in section 10(1)(l) of 1951 PA 51, MCL 247.660:

(a) Beginning October 1, 2018 through September 30, 2019, $264,000,000.00 unless the minimum foundation allowance falls below the 2017-2018 minimum foundation allowance established under section 20 of the state school aid act of 1979, 1979 PA 94, MCL 388.1620, as amended by 2017 PA 108, then $150,000,000.00.

(b) Beginning October 1, 2019 through September 30, 2020, $468,000,000.00 unless the minimum foundation allowance falls below the 2017-2018 minimum foundation allowance established under section 20 of the state school aid act of 1979, 1979 PA 94, MCL 388.1620, as amended by 2017 PA 108, then $325,000,000.00.

(c) Beginning October 1, 2020 and each October 1 thereafter, $600,000,000.00.

1 M.C.L.A. §§ 206.51, 206.51e, and 206.51f.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 206. Income Tax Act of 1967 § 206.51d - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-206-income-tax-act-of-1967/mi-comp-laws-206-51d/

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