A bill to amend 1937 PA 94, entitled “Use tax act,” by amending sections 2 and 21 (MCL 205.92 and 205.111), section 2 as amended by 2018 PA 1 and section 21 as amended by 2021 PA 109.
The bill seeks to clarify terms such as "person," "use," "storage," "seller," "purchase," and "purchase price," and proposes exclusions from the taxable purchase price for various charges and credits. It addresses trade-in credits for motor vehicles and watercraft, adjusting their values over time, and includes provisions for materials used in repairing or constructing textiles, definitions related to interstate motor carriers, and the treatment of diesel fuel and sales transactions.
Co-sponsored by Reps.
Referred to the Committee on Tax Policy
