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MI HB4939
Bill
Status
11/3/2021
Primary Sponsor
John Damoose
Click for details
AI Summary
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Excludes manufacturer rebates on motor vehicles from taxable sales price effective January 1, 2023.
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Requires persons claiming the manufacturer rebate exclusion to report rebate amounts to the secretary of state, who makes the information available to the department of treasury.
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Directs the department to deposit all revenue lost from the manufacturer rebate exclusion into the state school aid fund to hold it harmless from lost tax collections.
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Makes clarifying language changes replacing "shall be" with "is" throughout the statute.
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Adds definitions for "state school aid fund" and reorganizes subsection numbering in Section 25 regarding sales tax revenue distribution.
Legislative Description
Sales tax: collections; sales tax on rebates offered by manufacturers and dealers on vehicle sales; eliminate and hold the school aid fund harmless. Amends secs. 1 & 25 of 1933 PA 167 (MCL 205.51 & 205.75).
Sales tax: collections
Last Action
Laid Over One Day Under The Rules
9/28/2022