MI SB0907

Adds exemption from use tax for purchase or lease of school buses and transportation-related services used for transporting students to schools or school-related events authorized by school administration.

Exemption covers parts and adaptive equipment affixed to school buses used in repair, maintenance, accommodation, or modification of the vehicles.

School bus exemption applies only to public schools and public school academies; exemption does not apply to transportation services provided to nonexempt entities.

Defines "school bus" by reference to the pupil transportation act and "school" as public schools or public school academies under the revised school code.

Maintains existing use tax exemptions for agricultural equipment, religious organizations, nonprofits, and other enumerated categories while adding the new school bus transportation exemption.