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MI SB0776
MI SB0776Use tax: other; exemptions for certain watercraft; provide for. Amends secs. 2 & 4 of 1937 PA 94 (MCL 205.92 & 205.94).
summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1937 PA 94, entitled"Use tax act,"by amending sections 2 and 4 (MCL 205.92 and 205.94), section 2 as amended by 2023 PA 94 and section 4 as amended by 2021 PA 109.
AI Summary
This bill amends Michigan's Use Tax Act to provide exemptions for certain watercraft. Specifically, it clarifies that a watercraft is considered "documented" if it is registered with the U.S. Coast Guard, and it exempts from use tax the purchase of a watercraft for which a 15-day permit is issued. Additionally, the bill caps the use tax on the purchase of a recreational watercraft at $18,000, meaning any tax exceeding that amount is exempt, and it clarifies that this exemption does not affect existing provisions for trade-ins of titled or documented watercraft. The bill also defines "recreational watercraft" based on its primary use for pleasure or recreation, as indicated on registration or documentation applications, or through a purchaser's certification.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred To Committee On Finance, Insurance, And Consumer Protection (on 02/04/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2026-SB-0776 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/Senate/htm/2026-SIB-0776.htm |
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