Special fund in the state treasury outside the General Revenue Fund. Allocations from computation of motor vehicle sales tax based on standard presumptive values or percentages of those values deposited beginning October 1, 2006. Proceeds from collection of cigarette, cigar and tobacco production tax increases deposited beginning January 1, 2007. Calculated amounts from franchise taxes deposited beginning in FY 2008. Deposits of sales tax revenue to offset older franchise tax credits for certain entities (for FY 2013-2017).

Used to reduce school district maintenance and operations (m&o) tax rates until the fiscal year after the first tax year which the average m&o is not more than $1.00 per $100 of taxable value, then 2/3 used only for a purpose that will result in a further reduction of the m&o rate and 1/3 used only to increase the level of equalization of district enrichment tax efforts.