MI HB5928

Amends Michigan's use tax law (1937 PA 94, MCL 205.92) to define terms related to the storage, use, and consumption tax on tangible personal property and services

Expands the definition of "purchase price" to exclude core charges for recycling fees, deposits, or disposal fees on motor vehicle or recreational vehicle parts and batteries beginning January 1, 2017, if separately stated on invoices

Increases the trade-in value credit limit for motor vehicles and recreational vehicles from $2,000 to an additional $500 each year beginning January 1, 2015, with no limit once the amount exceeds $14,000

Provides comprehensive definitions for key terms including "person," "use," "seller," "consumer," "tangible personal property," "textiles," "diesel fuel," and various vehicle-related terms used in calculating use tax obligations

Clarifies that new vehicle dealers are not considered to have converted motor vehicles to taxable use when the vehicles are not titled in the dealer's name prior to sale or lease