On February 20, 2019, the Local Community Stabilization Authority is distributing more than $52 million of local community stabilization share (LCSS) revenue to more than 1,600 municipalities, school districts, and intermediate school districts. Municipalities should record the revenue in account 573, Local Community Stabilization Share Tax. Schools should record the revenue in revenue major class code 321, suffix 0000.
The LCSA is only responsible for
the distributions so we cannot answer questions regarding calculations. Please
visit the Michigan Department of Treasury’s Personal Property Tax
Reimbursements webpage at www.michigan.gov/pptreimbursements
for information regarding calculations. Please contact the LCSA at firstname.lastname@example.org
if you have questions regarding the distribution of local community
stabilization share revenue.