2024 Senate Bill 697

Use tax: collections; collection of use tax by small businesses; modify.

A bill to amend 1937 PA 94, entitled “Use tax act,” by amending section 4f (MCL 205.94f), as amended by 2004 PA 172.

AI Analysis – Experimental

The bill amends the "Use Tax Act" to adjust tax deduction rates and thresholds for sellers, increasing the taxable purchase price threshold and specifying conditions for deductions and late payments.

Introduced in the Senate

Jan. 25, 2024

Introduced by Sen. Roger Hauck (R-34) and three co-sponsors

Co-sponsored by Sens. Joseph Bellino (R-16), Michael Webber (R-9) and Michele Hoitenga (R-36)

Referred to the Committee on Finance, Insurance, and Consumer Protection