This booklet, prepared by the Michigan senate fiscal agency, explains new amendments to the state constitution that establish tax and expenditure limitations on state and local government in the state. The purpose of the report is to help legislators implement the new law. The first part of each section analyzes the constitutional language of the amendment; the second part explains the purpose of the section; and the third part gives a summary of key implementation issues surrounding that section. An extensive appendix contains certain detailed information referenced throughout the report. It also contains a copy of the drafters' notes on the tax limitation amendment, which explains the drafters' intent in the formulation of the amendment. (Author/LD)