ELIMINATE SALES TAX
LICENSE FEE
House Bill 5992
Sponsor: Rep. Gene DeRossett
Committee: Tax Policy
Complete to 5-7-02
A SUMMARY OF HOUSE BILL 5992 AS INTRODUCED 5-2-02
Generally speaking, businesses and individuals selling tangible personal property to a final consumer are required to obtain a sales tax license. The license must be renewed annually. There is a $1 registration fee that must be paid to obtain the license. House Bill 5992 would amend the General Sales Tax Act to eliminate the $1 registration fee.
MCL 205.53
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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.