SENATE BILL No. 551

 

 

May 7, 2009, Introduced by Senator BROWN and referred to the Committee on Finance.

 

 

 

     A bill to amend 1933 PA 167, entitled

 

"General sales tax act,"

 

(MCL 205.51 to 205.78) by adding section 4ff.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 4ff. A person subject to the tax under this act may

 

exclude from the gross proceeds used for the computation of the tax

 

the sale of gasoline containing at least 70% ethanol and the sale

 

of diesel fuel containing at least 5% biodiesel. As used in this

 

section, "ethanol" and "biodiesel" mean those terms as defined in

 

section 8 of the motor fuel tax act, 2000 PA 403, MCL 207.1008.