This bill proposes the repeal of the State Education Tax Act, specifically 1993 PA 331, which is codified in MCL 211.901 to 211.906. The repeal is intended to take effect 90 days after the bill is enacted into law. Additionally, the enactment of this bill is contingent upon the passage of House Bill No. 5880 from the 103rd Legislature.

Furthermore, the bill expresses the legislature's intent to ensure that sufficient funds are appropriated annually from the state general fund to the state school aid fund, as established in the Michigan Constitution, to compensate for any revenue loss that may result from the repeal of the State Education Tax Act. This provision aims to maintain financial support for the state's educational funding despite the repeal.

Statutes affected:
House Introduced Bill: 211.901, 211.906
As Passed by the House: 211.901, 211.906