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MI HB5370
Bill
Status
Introduced
11/14/2023
Primary Sponsor
Rachel Hood
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AI Summary
- Imposes a 25-cent per gallon excise tax on architectural paint (interior and exterior coatings in containers of 5 gallons or less) sold in Michigan
- Tax collected from manufacturers of in-state paint, wholesalers/retailers for out-of-state paint, or purchasers for paint manufactured and purchased outside Michigan
- Taxpayers may pass the excise tax cost to customers by adding it to the sale price
- All excise tax proceeds deposited in a restricted state treasury account exclusively for lead abatement and lead reduction in residential dwellings under the Public Health Code
- State treasurer administers the tax using the same collection methods as the use tax and may promulgate rules under the Administrative Procedures Act
Legislative Description
Taxation: excise taxes; tax levy per gallon of paint; provide for, and earmark revenue for a lead remediation program. Creates new act.
Housing: other
Last Action
Bill Electronically Reproduced 11/14/2023
12/31/2023
Committee Referrals
Health Policy11/14/2023
Full Bill Text
No bill text available