An act to amend 1937 PA 94, entitled “An act to provide for the levy, assessment, and collection of a specific excise tax on the storage, use, or consumption in this state of tangible personal property and certain services; to appropriate the proceeds of that tax; to prescribe penalties; and to make appropriations,” by amending section 4o (MCL 205.94o), as amended by 2015 PA 204.
Includes some road construction material under existing industrial processing exemptions from sales and use tax. Also exempts outstanding balances for sales and use taxes owed on the sale of these materials.
Introduced
by
Referred to the Committee on Finance, Insurance, and Consumer Protection
Discharged from committee
Referred to the Committee of the Whole
1. Amend page 9, following line 13, by inserting:
“Enacting section 1. This amendatory act does not take effect unless House Bill No. 4055 of the 102nd Legislature is enacted into law.”
Substitute S-2 concurred in by voice vote
Passed in the Senate 33 to 4 (details)
Referred to the Committee on Tax Policy
Discharged from committee
1. Amend page 7, line 19, by striking out all of subsection (8) and renumbering the remaining subsection.
2. Amend page 9, line 15, after “No.” by striking out “4055” and inserting “4054”.
3. Amend page 9, following line 16, by inserting:
“Enacting section 2. It is the intent of the legislature to annually appropriate sufficient funds from the state general fund to the state school aid fund created in section 11 of article IX of the state constitution of 1963 to fully compensate for any loss of revenue to the state school aid fund resulting from the enactment of this amendatory act.”.
The amendment passed by voice vote
Passed in the House 86 to 22 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Amendment concurred in 32 to 5 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
