2015 Senate Bill 233 / 2016 Public Act 8

Revise vehicle trade in tax break detail

Introduced in the Senate

March 24, 2015

Introduced by Sen. David Robertson (R-14)

To revise a <a href="http://www.michiganvotes.org/2013-hB-4234">2013 law</a> that exempts from sales tax the value of a trade-in when buying a motor vehicle, titled watercraft or recreational vehicle, so that it also applies to purchases made from dealers in other states. Under the 2013 law the tax exemption will supposedly be phased in over 24 years.

Referred to the Committee on Finance

March 26, 2015

Reported without amendment

With the recommendation that the bill pass.

April 16, 2015

Amendment offered by Sen. David Knezek (D-5)

To require the legislature to appropriate money for public schools from other sources to cover any foregone revenue to the state school aid fund caused by the eventual sales-tax-on-the-difference tax cut.

The amendment failed 15 to 23 (details)

Passed in the Senate 37 to 1 (details)

Received in the House

April 16, 2015

Referred to the Committee on Tax Policy

Oct. 7, 2015

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Jan. 14, 2016

Amendment offered by Rep. Jim Townsend (D-26)

To make keeping the auto trade-in tax break contingent on the legislature repealing certain modest Medicaid co-pay requirements.

The amendment passed by voice vote

Jan. 20, 2016

Passed in the House 101 to 5 (details)

To revise a <a href="http://www.michiganvotes.org/2013-hB-4234">2013 law</a> that exempts from sales tax the value of a trade-in when buying a motor vehicle, titled watercraft or recreational vehicle, so that it also applies to purchases made from dealers in other states. Under the 2013 law the tax exemption will supposedly be phased in over 24 years.

Signed by Gov. Rick Snyder

Feb. 2, 2016