August 9, 2006, Introduced by Senator JOHNSON and referred to the Committee on Appropriations.
A bill to amend 1937 PA 94, entitled
"Use tax act,"
by amending section 6a (MCL 205.96a), as amended by 2004 PA 172.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 6a. (1) The organizing entity of a qualified athletic
event that sells corporate sponsor contracts for the event that
include both taxable tangible personal property and services may
exempt the sale of taxable tangible personal property or taxable
services if all of the following criteria have been met:
(a) The organizing entity is exempt or is wholly owned by an
entity exempt under section 501(c)(6) of the internal revenue code,
26 USC 501.
(b) The organizing entity provided both of the following to
the department at least 180 days in advance of entering into the
first corporate sponsor contract:
(i) Written notice of its intent to enter into corporate
sponsor contracts.
(ii) An itemized schedule of the tangible personal property and
services that will be provided under each corporate sponsor
contract.
(c) The department has given written approval to the
organizing entity.
(2)
As used in this section, "qualified athletic event" means
either
of the following:
(a)
A professional sporting competition in which individuals
officially
representing at least 2 countries or nations compete.
(b)
A professional football competition in which teams compete
in
a postseason event to determine the league champion a
professional golfers' association competition in which individuals
compete in a postseason event to determine a champion.
(3)
This section is repealed effective January 1,
2007 2009.