Bill > HB4376

This bill amends Michigan's General Sales Tax Act to add a new provision allowing consumers to receive a sales tax credit when trading in portable electronic devices. Specifically, the bill defines "portable electronic devices" as easily carried electronic items like smartphones, laptops, tablets, smartwatches, gaming consoles, digital cameras, and other similar data-processing devices. Under the new provision, when a consumer purchases a new or used portable electronic device from a retail seller, they can receive a tax credit for the agreed-upon trade-in value of their old device, as long as the trade-in value is separately stated on the sales invoice. This change is similar to existing provisions in the law that already allow trade-in credits for motor vehicles, recreational vehicles, and watercraft. The bill also includes some technical corrections to the existing law, such as grammatical adjustments and clarifying language. The amendment aims to provide consumers with more flexibility and potential savings when upgrading their electronic devices by allowing them to offset the purchase price through trade-ins.

Budget and Finance

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4376