HB 5584 Summary

• Amends the Streamlined Sales and Use Tax Revenue Equalization Act to add an expiration date of September 30, 2022 to the tax imposed on interstate motor carriers for using motor fuel and alternative fuel in qualified commercial motor vehicles.

• Replaces the fixed 6% tax rate with a tiered "applicable percentage" that decreases over time: 6% through September 30, 2020; 4% from October 1, 2020 through September 30, 2021; and 2% from October 1, 2021 through September 30, 2022.

• Allows interstate motor carriers to claim credits for motor and alternative fuel purchased in Michigan before October 1, 2022, under the International Fuel Tax Agreement.

• Changes statutory language from "shall" to "must" in multiple provisions regarding tax collection and credit claims.

• Takes effect only if companion bills HB 5582, HB 5583, HB 5585, and HB 5586 are also enacted.