Bill
HB 4906
Overview: HB 4906, "Sales tax: exemptions; Test Amends sec. 4ee of 1933 PA 167 (MCL 205.54ee)", was introduced on March 13, 2025 and has been assigned Public Act 207 of 2024.Purpos
Overview: HB 4906, "Sales tax: exemptions; Test Amends sec. 4ee of 1933 PA 167 (MCL 205.54ee)", was introduced on March 13, 2025 and has been assigned Public Act 207 of 2024.
Purpose and Intent: The bill aims to amend the existing sales tax exemption for certain types of equipment and machinery used in industrial processing.
Key Provisions:
- Expands the definition of "industrial processing" to include the production of renewable energy, such as solar, wind, and geothermal power.
- Extends the sales tax exemption to equipment and machinery used in the production of renewable energy.
- Clarifies the criteria for determining eligible industrial processing activities and the types of equipment and machinery covered by the exemption.
Affected Parties and Impacts: The bill would benefit businesses and industries involved in the production of renewable energy, as it would provide a sales tax exemption for the equipment and machinery used in these operations. This could potentially lower the costs of renewable energy projects and encourage further investment in the sector.
Procedural and Timeline Considerations: The bill has been assigned Public Act 207 of 2024, indicating that it has been enacted into law.
Compiled from official sources — confirm details with the bill’s official record.
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