Mich. Comp. Laws § 206.843

Current through Public Act 122 of the 2024 Legislative Session

Section 206.843 - Distribution to state school aid fund; balance to general fund

From the tax levied under this part, that percentage of the gross collections before refunds that is equal to 1.012% divided by the tax rate levied under this part shall be deposited in the state school aid fund created in section 11 of article IX of the state constitution of 1963 and the balance of the revenue collected under this part after the distribution to the school aid fund shall be deposited into the general fund.

MCL 206.843

Added by 2021, Act 135,s 21, eff. 12/21/2021, retroactively effective for tax years beginning on and after January 1, 2021.