Individual income tax: revenue distributions; earmark to 21st century jobs trust fund for the Michigan innovation fund program; provide for. Amends sec. 695 of 1967 PA 281 (MCL 206.695) & adds sec. 51i. TIE BAR WITH: SB 1073'26

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Plain-English Summary

This bill amends Michigan's Income Tax Act of 1967 to change how state income tax revenue is distributed to various funds. Starting in the 2026-2027 fiscal year and continuing through 2030-2031, $30,000,000 will be deposited annually into the 21st Century Jobs Trust Fund. The bill also updates the distribution amounts to the general fund, Michigan housing and community development fund, and neighborhood roads fund for specific fiscal years.

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R · PrimeMichael Webber

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