Introduced
by
To exempt from sales tax the value of a trade-in when buying a new motor vehicle. The buyer would only pay sales tax on the difference between the value of the trade-in and the purchase price of the new car. Note: This same bill has been introduced nearly <a href="http://www.michiganvotes.org/SearchLegislation.aspx?Results=50&EndDate=12%2F31%2F2012&StartDate=1%2F1%2F2001&Keywords=difference+sales+tax+vehicle&op=Search">two dozen times</a> in the past decade; like many similar consumer tax cut proposals made by politicians it goes nowhere when sponsors fail to specify which government spending should be cut or taxes raised to accommodate the foregone revenue.
Referred to the Committee on Tax Policy
