Introduced
by
To repeal a use tax exemption on the purchase or lease of motion pictures, so that cinema companies would pay the tax on movies shown in theaters. 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 a similar sales tax exemption repeal it would increase the taxes paid by theaters approximately $20 million.
Referred to the Committee on Appropriations
