Taxation: convention tourism assessments; distribution of money in the convention facility development fund; modify. Amends secs. 10 & 20 of 1985 PA 106 (MCL 207.630 & 207.640).
Impact
The bill emphasizes the need for sustainable funding for convention facilities, which are integral to local economies and tourism. By establishing a clear distribution framework, HB5099 aims to bolster the financial viability of these facilities, allowing them to maintain operations and potentially expand their services in the future. The bill also anticipates future revenue fluctuations by stipulating how excess funds in the convention facility development fund can be allocated, particularly emphasizing local governmental units and operational costs for the facilities.
Summary
House Bill 5099 seeks to amend the State Convention Facility Development Act by updating the financial provisions concerning the distribution of funds within the convention facility development fund. The bill mandates that a percentage of the revenue collected must be allocated towards the operational deficit of convention facilities operated by metropolitan authorities. This is particularly crucial in light of the financial impacts due to the COVID-19 pandemic. It sets forth specific amounts to be distributed for various fiscal years, ensuring continued support for these facilities as they recover from pandemic-related losses.
Contention
Some points of contention that may arise around HB5099 include the appropriateness of the funding allocations and the priority given to metropolitan authorities over other potential funding recipients. Critics may argue that the bill should provide broader access to funds for various types of facilities or smaller venues that equally contribute to local tourism and economic development. As the state navigates its recovery post-pandemic, debate may also focus on how to balance the distribution of state funds to support various sectors, including tourism, healthcare, and economic development.
Economic development: other; state convention facility development act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 10 of 1985 PA 106 (MCL 207.630). TIE BAR WITH: SB 0631'25
Economic development: other; convention and tourism marketing act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 2 of 1980 PA 383 (MCL 141.882). TIE BAR WITH: SB 0631'25
Economic development: other; community convention or tourism marketing act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 2 of 1980 PA 395 (MCL 141.872). TIE BAR WITH: SB 0631'25
Economic development: other; convention and tourism promotion act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 2 of 2007 PA 25 (MCL 141.1322). TIE BAR WITH: SB 0631'25
Economic development: other; regional convention and tourism promotion act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 2 of 2010 PA 254 (MCL 141.1432). TIE BAR WITH: SB 0631'25
Transportation: funds; distribution of funds; modify. Amends secs. 5a, 10, 11, 11h, 12, 13, 14, 15 & 20a of 1951 PA 51 (MCL 247.655a et seq.) & repeals sec. 12b of 1951 PA 51 (MCL 247.662b).
Insurance: other; allocation of revenue under the insurance provider assessment act; modify. Amends sec. 13 of 2018 PA 175 (MCL 550.1763). TIE BAR WITH: HB 4037'25
Economic development: other; state convention facility development act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 10 of 1985 PA 106 (MCL 207.630). TIE BAR WITH: SB 0631'25
Economic development: brownfield redevelopment authority; environmental brownfield redevelopment program; modify. Amends sec. 8a of 1996 PA 381 (MCL 125.2658a). TIE BAR WITH: HB 5286'25
Economic development: brownfield redevelopment authority; environmental brownfield redevelopment program; modify. Amends sec. 8a of 1996 PA 381 (MCL 125.2658a). TIE BAR WITH: SB 0898'26
Use tax: exemptions; motor fuel sales; exempt. Amends sec. 21 of 1937 PA 94 (MCL 205.111) & adds sec. 4gg. TIE BAR WITH: HB 4180'25, HB 4181'25, HB 4183'25, SB 0578'25
Michigan business tax: rate; rate increase and election to file under corporate income tax act; provide for, and allow for certain taxpayers. Amends secs. 201 & 500 of 2007 PA 36 (MCL 208.1201 & 208.1500). TIE BAR WITH: HB 4183'25, HB 4182'25, HB 4181'25, HB 4180'25, HB 4185'25, HB 4187'25, HB 4184'25