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MI SB0113

Bill

Official Source

Status

Passed

6/13/2017

Primary Sponsor

Thomas Casperson

Click for details

Origin

Senate

99th Legislature

AI Summary

  • Amends Michigan's sales tax law (1933 PA 167, MCL 205.54d) to add exemptions from state sales tax
  • Exempts sales of tangible personal property used in eligible activities on eligible property included in a transformational brownfield plan, provided the property will be affixed to real property or infrastructure improvements within the plan
  • Defines "eligible property," "infrastructure improvements," and "transformational brownfield plan" by reference to the brownfield redevelopment financing act (1996 PA 381, MCL 125.2652)
  • Takes effect July 24, 2017 (45 days after enactment on June 9, 2017)

Legislative Description

Sales tax; collections; certain revenue attributable to transformational brownfield plans; capture and earmark. Amends sec. 4d of 1933 PA 167 (MCL 205.54d).

Sales tax: collections

Last Action

Assigned Pa 0048'17 With Immediate Effect

6/13/2017

Committee Referrals

Tax Policy2/23/2017
Economic Development And International Investment2/7/2017

Full Bill Text

No bill text available