2024 Senate Bill 776

Use tax: collections; credit for trade-in vehicles; modify.

A bill to amend 1937 PA 94, entitled “Use tax act,” by amending section 2 (MCL 205.92), as amended by 2023 PA 94.

Mackinac Center Analysis

SB 776 amends the Use Tax Act to refine definitions, adjust tax inclusion and exclusion criteria, and cancel certain outstanding tax assessments related to delivery and installation charges, contingent upon the passage of a related bill. SB 777 amends the General Sales Tax Act to clarify definitions, include certain charges in the sales price, cancel specific outstanding tax assessments, and prevent new assessments for past periods, contingent on the passage of related legislation.

Introduced in the Senate

March 12, 2024

Introduced by Sen. Jonathan Lindsey (R-17) and 15 co-sponsors

Co-sponsored by Sens. Jon Bumstead (R-32), Kevin Daley (R-26), Jim Runestad (R-23), Roger Victory (R-31), Ed McBroom (R-38), John Damoose (R-37), Mark Huizenga (R-30), Aric Nesbitt (R-20), Dan Lauwers (R-25), Joseph Bellino (R-16), Michael Webber (R-9), Roger Hauck (R-34), Rick Outman (R-33), Ruth Johnson (R-24) and Thomas Albert (R-18)

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