2024 House Bill 5596

Use tax: exemptions; tax exemption on catered fundraiser meals for nonprofits; provide for.

A bill to amend 1937 PA 94, entitled “Use tax act,” by amending section 4 (MCL 205.94), as amended by 2021 PA 109.

AI Analysis – Experimental

The bill amends the Use Tax Act to expand and clarify exemptions for various types of property and services, including those used in agriculture, nonprofit activities, and specific commercial operations, while also mandating the state treasurer to account for lost revenue from these exemptions and deposit it into the State School Aid Fund.