A bill to amend 1933 PA 167, entitled “General sales tax act,” by amending sections 1 and 25 (MCL 205.51 and 205.75), section 1 as amended by 2018 PA 2 and section 25 as amended by 2021 PA 108.
The bill seeks to define terms such as "person," "sale at retail," "gross proceeds," and "sales price," and outlines what constitutes the sales price, including the seller's cost, materials, labor, interest, transportation, taxes on the seller, and other expenses. It specifies conditions under which charges for services, delivery, installation, trade-in credits, third-party considerations, and certain discounts can be included or excluded from the sales price.
Introduced
by
Referred to the Committee on Tax Policy
