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MI HB4464
Bill
Status
Passed
11/3/2015
Primary Sponsor
Lisa Lyons
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AI Summary
- Exempts over-the-counter drugs labeled for over-the-counter use under 21 CFR 201.66 from Michigan sales tax when legally dispensed by prescription
- Clarifies food and food ingredient exemptions to exclude prepared food intended for immediate human consumption, which remains subject to sales tax
- Defines "prepared food" as food sold in a heated state, food with multiple ingredients mixed by the seller, or food sold with eating utensils provided by the seller
- Excludes from prepared food definition: items only cut/repackaged/pasteurized by seller, raw items requiring consumer cooking per FDA guidelines, unheated food sold by weight/volume without utensils, and bakery items sold without utensils
- Establishes vending machine food tax calculation based on either actual proceeds or 45 percent of mixed taxable and exempt item sales (excluding carbonated beverages)
- Made retroactively effective beginning March 14, 2014
Legislative Description
Sales tax; exemptions; over-the-counter medications sold pursuant to a prescription; clarify and exempt. Amends sec. 4g of 1933 PA 167 (MCL 205.54g).
Sales tax: exemptions
Last Action
Assigned Pa 171'15 With Immediate Effect
11/3/2015
Committee Referrals
Finance5/13/2015
Tax Policy4/16/2015
Full Bill Text
No bill text available