Individual income tax: revenue distributions; deposit into the good jobs for Michigan fund; revise to reflect the name change of the fund. Amends secs. 51f & 711 of 1967 PA 281 (MCL 206.51f & 206.711). TIE BAR WITH: HB 5413'24

This bill updates Michigan's income tax law to reflect the official name change of the "Good Jobs for Michigan" fund. It requires that specific tax revenues linked to certified new jobs be deposited into the renamed fund rather than the old title. Additionally, the legislation mandates that tax returns clearly separate the portion of withheld taxes paid to the state from amounts sent to community colleges or the renamed fund. These changes ensure that financial records accurately describe where the money goes while maintaining the existing rules for how taxes are collected and reported.