Michigan House Bill HB6064

Michigan 2023-2024 Regular Session

• Introduced: 11/12/24
• Refer: 11/12/24

Caption

Individual income tax: other; expenditures from the renew Michigan fund; modify. Amends sec. 51g of 1967 PA 281 (MCL 206.51g). TIE BAR WITH: HB 5333'23

Impact

The bill mandates that 65% of the revenue from the Renew Michigan Fund must be dedicated to environmental cleanup and redevelopment efforts. These efforts will focus on contaminated sites that pose risks to human health or the environment, with funding designated for waste management and recycling initiatives as well. Beginning from the fiscal year 2025-2026, the bill further outlines a shift in funding allocations, where 55% will be used specifically for brownfield development, thereby enhancing state efforts to remediate and finally repurpose contaminated lands for economic and community benefits.

Summary

House Bill 6064 seeks to amend the Income Tax Act of 1967 by modifying the provisions surrounding the distribution and expenditure of funds from the Renew Michigan Fund. This fund is crucial for supporting various state initiatives targeting environmental protection, waste management, and recycling efforts. HB6064 stipulates that a significant percentage of the fund's revenue will be allocated to specific environmental initiatives, aimed at addressing contamination and enhancing the state's recycling infrastructure.

Contention

The passage of HB6064 could potentially face scrutiny based on how it impacts current regulatory frameworks managing environmental cleanup and waste management. Discussions among lawmakers may arise regarding the sufficiency of funds allocated and whether they adequately address the urgent needs of various local communities dealing with contaminated sites. Moreover, balancing state-level projects with local concerns about environmental health and safety may lead to debates on the appropriateness of statewide authority in determining fund expenditures.