SALES TAX ON THE DIFFERENCE



House Bill 4236

Sponsor: Rep. Doug Spade

Committee: Tax Policy


Complete to 3-17-99



A SUMMARY OF HOUSE BILL 4236 AS INTRODUCED 2-9-99


The bill would amend the General Sales Tax Act so that when a motor vehicle was used as part payment for another vehicle (i.e., as a trade-in), the sales tax would be applied to the difference between the agreed-upon value of the vehicle being used as part payment and the full retail price of the vehicle being purchased.


MCL 205.51



























Analyst: C. Couch


This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.