2005 House Bill 4927

Revise business transfer use tax exemption

Introduced in the House

June 14, 2005

Introduced by Rep. Fulton Sheen (R-88)

To revise a use tax exemption on the sale of certain property that is included in the transfer of a business, so that it only applies to business transfers within Michigan. Also, to increase the penalty for a seller who fails to register with the state as required by the use tax law.

Referred to the Committee on Tax Policy