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MI HB5454

MI HB5454
Use tax: exemptions; sunset on firearm safety device exemption; extend. Amends sec. 4ll of 1937 PA 94 (MCL 205.94ll).


summary

Introduced
02/20/2024
In Committee
02/20/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

102nd Legislature

Bill Summary

A bill to amend 1937 PA 94, entitled"Use tax act,"by amending section 4ll (MCL 205.94ll), as added by 2023 PA 14.

AI Summary

This bill extends the sunset date on the exemption from the state's use tax for the sale of firearm safety devices from December 31, 2024 to December 31, 2025. The exemption applies to devices designed to prevent unauthorized access, operation, or discharge of a firearm, such as locks, gun safes, and lockboxes, but does not include display-oriented storage. The bill also requires sellers to provide written notices to purchasers and post notices at the point of sale about the exemption.

Committee Categories

Justice

Sponsors (9)

Last Action

Bill Electronically Reproduced 02/20/2024 (on 02/21/2024)

Bill Topics

Law, Crime, and Family Issues
  • ‐ Firearms and Gun Control
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


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