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HOUSE BILL NO.
HB-4170, As Passed House, March 18, 2025 HOUSE BILL NO.
KAS H00036'25_HB4170_INTR_1 heg1t2 1 (a) On and after October 1, 2007 and before October 1, 2012, 4.35%.
KAS H00036'25_HB4170_APH_1 m4u6as 1 (a) On and after October 1, 2007 and before October 1, 2012, 4.35%.
The state treasurer, the director of the senate fiscal agency, and the director of the KAS H00036'25_HB4170_INTR_1 heg1t2 1 house fiscal agency shall make the determination under this subdivision no later than the date of the January 2023 revenue estimating conference conducted pursuant to sections 367a through 367f of the management and budget act, 1984 PA 431, MCL 18.1367a to 18.1367f, and the date of each January revenue estimating conference conducted each year thereafter.
The state treasurer, the director of the senate fiscal agency, and the director of the KAS H00036'25_HB4170_APH_1 m4u6as 1 house fiscal agency shall make the determination under this subdivision no later than the date of the January 2023 revenue estimating conference conducted pursuant to sections 367a through 367f of the management and budget act, 1984 PA 431, MCL 18.1367a to 18.1367f, and the date of each January revenue estimating conference conducted each year thereafter.
(2) Except as otherwise provided for December 1, 2018 through KAS H00036'25_HB4170_INTR_1 heg1t2 1 September 30, 2019, beginning January 1, 2000 through September 30, 2023, that percentage of the gross collections before refunds from the tax levied under this section that is equal to 1.012% divided by the income tax rate levied under this section shall be deposited in the state school aid fund created in section 11 of article IX of the state constitution of 1963.
(2) Except as otherwise provided for December 1, 2018 through KAS H00036'25_HB4170_APH_1 m4u6as 1 September 30, 2019, beginning January 1, 2000 through September 30, 2023, that percentage of the gross collections before refunds from the tax levied under this section that is equal to 1.012% divided by the income tax rate levied under this section shall be deposited in the state school aid fund created in section 11 of article IX of the state constitution of 1963.
Beginning October 1, 2026, that percentage of the gross collections before refunds from the tax levied under this section that is equal KAS H00036'25_HB4170_INTR_1 heg1t2 1 to 1.040% divided by the income tax rate levied under this section shall must be deposited in the state school aid fund created in section 11 of article IX of the state constitution of 1963.
Beginning October 1, 2026, that percentage of the gross collections before refunds from the tax levied under this section that is equal KAS H00036'25_HB4170_APH_1 m4u6as 1 to 1.040% divided by the income tax rate levied under this section shall must be deposited in the state school aid fund created in section 11 of article IX of the state constitution of 1963.
The applicable annualized rate shall be imposed upon the taxable income of every person other than a KAS H00036'25_HB4170_INTR_1 heg1t2 1 corporation for those tax years.
The applicable annualized rate shall be imposed upon the taxable income of every person other than a KAS H00036'25_HB4170_APH_1 m4u6as 1 corporation for those tax years.
KAS H00036'25_HB4170_INTR_1 heg1t2 1 (a) "Consumer Price Index" means the United States Consumer Price Index for all urban consumers as defined and reported by the United States Department of Labor, Bureau of Labor Statistics.
KAS H00036'25_HB4170_APH_1 m4u6as 1 (a) "Consumer Price Index" means the United States Consumer Price Index for all urban consumers as defined and reported by the United States Department of Labor, Bureau of Labor Statistics.
Final Page KAS H00036'25_HB4170_INTR_1 heg1t2
Final Page KAS H00036'25_HB4170_APH_1 m4u6as
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