USE TAX EXEMPTION: PROP. SOLD H.B. 5386: COMMITTEE SUMMARY
House Bill 5386 (as passed by the House)
Sponsor: Representative Roger Kahn
House Committee: Tax Policy
Senate Committee: Finance
Date Completed: 1-18-06
CONTENT
The bill would amend the Use Tax Act to exempt from the use tax property sold in the State on which the transaction was subject to tax under the General Sales Tax Act. Currently, such property is exempt from the use tax if the sales tax was due and paid on the retail sale to a consumer.
MCL 205.94 Legislative Analyst: J.P. Finet
FISCAL IMPACT
The bill would likely have a minimal negative fiscal impact on use tax collections. There would be no direct impact on local governments.
Fiscal Analyst: Jay Wortley
Analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent. hb5386/0506