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MI SB0777

MI SB0777
Sales tax: collections; credit for trade-in vehicles; modify. Amends sec. 1 of 1933 PA 167 (MCL 205.51). TIE BAR WITH: SB 0776'24


summary

Introduced
03/12/2024
In Committee
03/12/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

102nd Legislature

Bill Summary

A bill to amend 1933 PA 167, entitled"General sales tax act,"by amending section 1 (MCL 205.51), as amended by 2023 PA 20.

AI Summary

This bill amends the General Sales Tax Act to modify the provisions related to the collection of sales tax and credit for trade-in vehicles. Specifically, it cancels outstanding balances and prohibits new assessments for sales tax on delivery and installation charges for certain time periods. The bill is tied to the passage of Senate Bill 776, indicating that this amendment will only take effect if the other bill becomes law.

Committee Categories

Budget and Finance

Sponsors (16)

Last Action

Referred To Committee On Finance, Insurance, And Consumer Protection (on 03/12/2024)

Bill Topics

Government Operations
  • ‐ Tax Administration and Collection of Revenue
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

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