WebMar 30, 2024 · Michigan has spent $807 million in constitutional revenue sharing for the 2024-2024 fiscal year, compared to the $220 million counties have received to date, according to the nonpartisan Senate Fiscal Agency. WebMotor Fuel Tax – The state of Michigan imposes a 19-cent per gallon excise tax on gasoline used in motor vehicles. This tax is established in the Motor Fuel Tax Act (2000 PA 403). ... of the tax at 4% is constitutionally earmarked for revenue sharing. In addition, a portion of the sales tax on motor fuel and other automotive products is ...
Biden COVID stimulus brings billions to Michigan. How much will …
WebCounty payments are based on a county's Revenue Sharing Reserve Fund (RSRF) balance and the FY 2024 appropriation act. Eligible counties may receive a prorated share of the … WebCity, Village, and Township Revenue Sharing (CVTRS) County Incentive Program (CIP) Michigan Department of Treasury Updated: September 30, 2024 1 . 1. General 1-1. Does a local unit have to use the templates provided on Treasury’s website? • The templates that are available on Treasury’s website can be used by razzosharp twitter
Frequently Asked Questions (FAQs) City, Village, and …
WebCity, Village, and Township Revenue Sharing (CVTRS) County Incentive Program (CIP) Michigan Department of Treasury Updated: September 30, 2024 1 . 1. General 1-1. Does a … WebFeb 11, 2024 · Revenue from state gas taxes and vehicle registration fees is shared with various programs, including rail, public transit and economic development, before it’s divided among the state, cities and counties to spend on roads through a formula created under Public Act 51 of 1951. WebRevenue Sharing information on the Michigan State Revenue Sharing Program. State Tax Commission Information on the State Tax Commission and STC Bulletins. School Review and Fiscal Accountability ... razzoo\\u0027s new orleans bourbon street