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Relief at the Pump: Updates and Advancements

Advocacy News – May 26, 2022

As the Michigan Chamber has previously reported, the Michigan Legislature and Governor Whitmer have both expressed interest in providing Michiganders relief at the pump. Legislation that passed the Michigan Senate today, tackles just that.

The Michigan Senate overwhelmingly passed Senate Bills 1029, 972, 973, and 974, which would ultimately eliminate the motor fuel tax, as well as sales and use tax on gas, between June 15 and September 15 of this year.

The still have to journey through the Michigan House of Representatives and advance to the governor’s desk.

The provisions would affect state collections by approximately $763.5  to $803.6 million. However, Senate Bill 1029 specifically appropriates about $300 million of General Fund dollars to make up for tax loses that would ensue at the local level because of this legislation. Due to this outlined provision, local municipalities would see increased revenue up to $44.3 million.

To see a detailed breakdown, see below:

The Michigan Chamber will continue to keep you apprised of information that may impact you and your business throughout the budget process and negotiations.

For questions or more information, please contact Leah Robinson at lrobinson@michamber.com.

Advocacy News – May 26, 2022

As the Michigan Chamber has previously reported, the Michigan Legislature and Governor Whitmer have both expressed interest in providing Michiganders relief at the pump. Legislation that passed the Michigan Senate today, tackles just that.

The Michigan Senate overwhelmingly passed Senate Bills 1029, 972, 973, and 974, which would ultimately eliminate the motor fuel tax, as well as sales and use tax on gas, between June 15 and September 15 of this year.

The still have to journey through the Michigan House of Representatives and advance to the governor’s desk.

The provisions would affect state collections by approximately $763.5  to $803.6 million. However, Senate Bill 1029 specifically appropriates about $300 million of General Fund dollars to make up for tax loses that would ensue at the local level because of this legislation. Due to this outlined provision, local municipalities would see increased revenue up to $44.3 million.

To see a detailed breakdown, see below:

The Michigan Chamber will continue to keep you apprised of information that may impact you and your business throughout the budget process and negotiations.

For questions or more information, please contact Leah Robinson at lrobinson@michamber.com.