Individual income tax: revenue distributions; distribution and use of renew Michigan fund and lapse of interest and earnings from the revitalization and placemaking fund to general fund; modify and provide for. Amends secs. 51, 51g & 696 of 1967 PA 281 (MCL 206.51 et seq.). TIE BAR WITH: HB 4180'25, HB 4181'25, HB 4182'25, HB 4183'25, HB 4184'25, HB 4185'25, HB 4186'25

This bill amends Michigan's income tax act to adjust how certain tax revenues are distributed. It changes the percentage of income tax collections deposited into the state school aid fund and allocates specific amounts of revenue to the newly created Renew Michigan Fund for environmental protection, waste management, and recycling. The bill also modifies the Revitalization and Placemaking Fund, directing its interest and earnings to the general fund starting in fiscal year 2026-2027, and outlines how the fund's money will be used for grants to support community development projects.

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