MI HB5444

Exempts the out-of-state usage percentage of gross proceeds from sales of qualified trucks and trailers purchased between December 31, 1996 and May 1, 1999 by interstate motor carriers used in interstate commerce.

Exempts sales of rolling stock (qualified trucks, trailers, and related parts) purchased by or leased to interstate motor carriers and used in interstate commerce from sales tax.

Defines "interstate motor carrier" as a person carrying persons or property for hire across state lines with at least 10% of fleet mileage driven outside Michigan in the preceding tax year.

Defines "out-of-state usage percentage" as a fraction comparing miles driven outside Michigan to total miles driven in the preceding tax year by qualified trucks.

Defines "qualified truck" as a commercial motor vehicle with 2 axles and gross vehicle weight rating exceeding 10,000 pounds, or any commercial motor vehicle with 3 or more axles.