HOUSE BILL No. 5656

 

May 22, 2012, Introduced by Reps. Brown, Ananich, Greimel and Lipton and referred to the Committee on Appropriations.

 

     A bill to amend 2007 PA 36, entitled

 

"Michigan business tax act,"

 

(MCL 208.1101 to 208.1601) by adding section 515a.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 515a. In fiscal year 2012-2013 and each fiscal year

 

thereafter, any additional revenue collected under this act

 

pursuant to the repayment provisions under sections 430(6), 431(6),

 

431a(4), 431c(5), 434(9), 435(10) and (11), and 460(5) shall be

 

distributed to the school aid fund.