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Mackinac Center for Public Policy
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2011 Senate Bill 127: Vehicle trade-in “sales tax on the difference” only
  1. Introduced by Sen. David Robertson (R) on February 9, 2011, to exempt from sales tax the value of a trade-in on the purchase of a new motor vehicle or titled watercraft. The buyer would only pay tax on the difference between the value of the trade-in and the purchase price of the new item.
    • Referred to the Senate Finance Committee on February 9, 2011.
      • Reported in the Senate on March 3, 2011, with the recommendation that the bill pass.
    • Substitute offered in the Senate on May 15, 2012, to phase-in the tax cut in biannual installments through the end of 2017. The substitute passed by voice vote in the Senate on May 15, 2012.
  2. Passed 37 to 1 in the Senate on May 15, 2012, to exempt from sales tax the value of a trade-in on the purchase of a new motor vehicle or titled watercraft. The buyer would only pay tax on the difference between the value of the trade-in and the purchase price of the new item. The tax cut would be phased in biannual installments through the end of 2017.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the House on May 16, 2012.
    • Referred to the House Tax Policy Committee on May 16, 2012.
      • Reported in the House on November 27, 2012, with the recommendation that the substitute (H-2) be adopted and that the bill then pass.

Comments

2011 Senate Bill 127 (Vehicle trade-in “sales tax on the difference” only )  by admin on December 13, 2012 
Introduced in the Senate on February 9, 2011, to exempt from sales tax the value of a trade-in on the purchase of a new motor vehicle or titled watercraft. The buyer would only pay tax on the difference between the value of the trade-in and the purchase price of the new item. The tax cut would be phased in biannual installments through the end of 2017

The vote was 37 in favor, 1 opposed and 0 not voting

(Senate Roll Call 337 at Senate Journal 0)

Click here to view bill details.