Bill
SB 997
Sales tax: collections; credit for trade-in vehicles; modify. Amends sec. 1 of 1933 PA 167 (MCL 205.51). TIE BAR WITH: SB 0998'26
2025-2026 Regular Session
Introduced by Rosemary Bayer and 12 co-sponsors
SB 997 modifies how trade-in credits and related charges are included in the sales tax base, affecting how net price is calculated for purchases.
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION