Introduced
by
To repeal a use tax exemption on the sale of trucks, trailers and parts purchased by a trucking company and used in interstate commerce at least 10 percent of the time. This is one of $200 million in “revenue enhancement” or “tax expenditure” proposals included in Gov. Jennifer Granholm’s Fiscal Year 2005-2006 budget recommendation. Together with House Bill 4905 it would increase the taxes paid by trucking companies by approximately $16 million.
Referred to the Committee on Tax Policy
