A bill to amend 1937 PA 94, entitled “Use tax act,” by amending section 4u (MCL 205.94u), as added by 1999 PA 225.
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
