A bill to amend 1933 PA 167, entitled “General sales tax act,” by amending section 4s (MCL 205.54s), as amended by 2004 PA 173.
House Bills 5129-5131 update Michigan’s tax laws by expanding sales and use tax exemptions to include specified forms of gold, silver, and platinum used as currency, and by revising income tax deductions and exemptions—such as for investment bullion, retirement income, and savings programs—all effective January 1, 2026, and contingent on related legislation.
Co-sponsored by Reps.
Referred to the Committee on Finance
