MI HB4410

Amends Michigan's General Sales Tax Act (1933 PA 167) to modify the definition of "sales price" for tax calculation purposes.

Changes the annual increase in the trade-in credit limit for motor vehicles and recreational vehicles from $500 to $1,000 per year, beginning January 1, 2015.

Maintains the initial $2,000 trade-in credit cap (effective December 15, 2013) with accelerated increases until the cap reaches $14,000, at which point the trade-in credit becomes unlimited.

Provides specific conditions for excluding third-party consideration from sales price, including requirements that discounts be separately identified and that the seller pass reductions through to the purchaser.

Clarifies definitions of taxable transactions including gratuities, maintenance charges, delivery, and installation, while establishing exemptions for separately itemized financing charges and employee discounts on motor vehicles.