Introduced by Sen. Dave Hildenbrand R-Lowell on February 1, 2017
To accelerate the 24-year phase-in of a 2013 law that exempted from sales tax the value of a trade-in when buying a motor vehicle, titled watercraft or recreational vehicle. Official Text and Analysis.
Referred to the Senate Finance Committee on February 1, 2017
Reported in the Senate on March 16, 2017
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Amendment offered by Sen. David Knezek D-Dearborn Heights on March 29, 2017
To "backfill" with state general fund money any revenue not collected for school spending because of the bill and law.
To accelerate the 24-year phase-in of a 2013 law that exempted from sales tax the value of a trade-in when buying a motor vehicle, titled watercraft or recreational vehicle. This would save new car buyers $28.7 million in 2021, and increase gradually through 2028.
Received in the House on March 29, 2017
Referred to the House Tax Policy Committee on March 29, 2017
Reported in the House on June 15, 2017
Without amendment and with the recommendation that the bill pass.
To override Gov. Rick Snyder's veto of the bill, which accelerates the 24-year phase-in of a 2013 law that exempted from sales tax the value of a trade-in when buying a new vehicle, RV or boat.