Corporate income tax: revenue distribution; earmark for the beverage container handling fund; provide for. Amends sec. 695 of 1967 PA 281 (MCL 206.695). TIE BAR WITH: SB 1112'24

This bill changes how Michigan distributes corporate income tax revenue by setting aside specific amounts for various state funds over the next several years. It directs money to the general fund, housing initiatives, economic revitalization programs, and a reserve for attracting businesses, while also creating a new earmark for the beverage container handling fund starting in the 2026-2027 fiscal year. The amount allocated to the beverage container fund will be adjusted annually for inflation, and the entire plan depends on a related bill being passed and approved by voters in a future election.