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MI SB0735
Bill
AI Summary
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Exempts tangible personal property from use tax if acquired before January 1, 2016 by contractors engaged in altering, repairing, or improving real estate for others when the property will be affixed to or become a structural part of a qualified convention facility.
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Applies the exemption only to property used in construction or renovation of facilities that meet the definition of "qualified convention facility" under the Regional Convention Facility Authority Act (2008 PA 554).
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References the definition of "qualified convention facility" from section 5 of 2008 PA 554 (MCL 141.1355) for purposes of determining eligible projects.
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Became effective immediately upon Governor approval on March 25, 2014.
Legislative Description
Use tax; exemptions; tax exemption on tangible personal property used in construction or renovation of qualified convention facility; extend sunset. Amends sec. 4z of 1937 PA 94 (MCL 205.94z).
Use tax, exemptions
Last Action
Assigned Pa 0054'14 With Immediate Effect
3/27/2014