A bill to amend 1933 PA 167, entitled “General sales tax act,” by amending section 4x (MCL 205.54x), as amended by 2009 PA 53.
The bill amends the General Sales Tax Act to exempt certain aircraft sales and related transactions from sales tax, with provisions to compensate for any resulting revenue loss to the state school aid fund.
Co-sponsored by Reps.
Referred to the Committee on Finance
Reported without amendment
1. Amend page 3, following line 14, by inserting:
“(5) In addition to the money deposited in the state school aid fund under section 25, from the
collections of the tax imposed at a rate of 4% under this act, an amount equal to the revenue lost to the state school aid fund resulting from the enactment of the amendatory act that added this subsection
must be deposited into the state school aid fund.” and renumbering the remaining subsection.
2. Amend page 4, following line 6, by inserting:
“(g) “State school aid fund” means the state school aid fund established in section 11 of article IX of the state constitution of 1963.”.
3. Amend page 4, line 9, by removing enacting section 2 from the bill.
The amendment failed by voice vote
1. Amend page 3, following line 14, by inserting:
“(5) In addition to the money distributed to cities, villages, and townships under section 25(2),
from the collections of the tax imposed at the rate of 4% under this act, an amount equal to the revenue lost to cities, villages, and townships resulting from the enactment of the amendatory act that added this subsection must be distributed to cities, villages, and townships pursuant to the Glenn Steil
state revenue sharing act of 1971, 1971 PA 140, MCL 141.901 to 141.921.” and renumbering the
remaining subsection.
The amendment failed by voice vote
