Corporate income tax: revenue distribution; earmark to the Michigan transportation fund: provide for. Amends sec. 695 of 1967 PA 281 (MCL 206.695).

This bill directs how money collected from the state corporate income tax is shared among different state funds. For the fiscal years 2022 through 2025, it sets aside specific amounts for the general fund, housing, revitalization, and a strategic reserve before sending the remainder to the general fund. Starting in the 2025-2026 fiscal year, the law changes to require that $50 million go to the housing fund while the rest of the tax revenue is sent to the Michigan transportation fund. The legislation applies to the state treasury and does not alter the corporate income tax rates themselves.