2023 House Bill 5370

Taxation: excise taxes; tax levy per gallon of paint; provide for, and earmark revenue for a lead remediation program.

A bill to provide for the levy, collection, and administration of an excise tax on the privilege of selling certain paint in this state; to provide for the disposition of the proceeds of the excise tax; to prescribe the powers and duties of certain state departments, agencies, and officials; to allow the promulgation of rules; and to provide for certain exemptions.

AI Analysis – Experimental

Proposes the implementation of an excise tax on the sale of architectural paint in Michigan defined as interior and exterior coatings sold in containers of 5 gallons or less, excluding industrial, original equipment, and specialty coatings. The tax rate is set at 25 cents per gallon, with provisions for allocation on a per-ounce basis for amounts less than a gallon.