January 16, 2008, Introduced by Rep. Sak and referred to the Committee on Commerce.
A bill to amend 1933 PA 167, entitled
"General sales tax act,"
(MCL 205.51 to 205.78) by adding section 4ee.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 4ee. (1) Beginning January 1, 2007, a person subject to
the tax under this act may exclude from the gross proceeds used for
computation of the tax the sale of a new motor vehicle that is
manufactured in this state.
(2) This state shall annually reimburse the state school aid
fund for all revenue lost as a result of the exemption under
subsection (1).
(3) As used in this section:
(a) "New motor vehicle" means that term as defined in section
33a of the Michigan vehicle code, 1949 PA 300, MCL 257.33a.
(b) "State school aid fund" means the state school aid fund
created in section 11 of article IX of the state constitution of
1963.