September 27, 2005, Introduced by Reps. Kolb, Alma Smith, Hopgood, Polidori, Accavitti, Spade, Kathleen Law, Plakas, Gleason and Lipsey and referred to the Committee on Tax Policy.
A bill to amend 1933 PA 167, entitled
"General sales tax act,"
(MCL 205.51 to 205.78) by adding section 4cc.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 4cc. Beginning January 1, 2006, a person subject to the
tax under this act may exclude from the gross proceeds used for the
computation of the tax the difference in the sales price between an
alternative energy vehicle and a comparable motor vehicle powered
by motor fuel. As used in this section, "alternative energy
vehicle" means that term as defined in section 2 of the Michigan
next energy authority act, 2002 PA 593, MCL 207.822.