2014 Senate Bill 755

Accelerate vehicle trade-in “sales tax on the difference” only

Introduced in the Senate

Feb. 5, 2014

Introduced by Sen. Dave Hildenbrand (R-29)

To accelerate the 24-year phase-in of a <a href="http://www.michiganvotes.org/2013-SB-89">2013 law</a> that exempted from sales tax the value of a trade-in when buying a motor vehicle, titled watercraft or recreational vehicle.

Referred to the Committee on Finance

Feb. 18, 2014

Reported without amendment

With the recommendation that the bill pass.