Introduced
by
To repeal a use tax exemption on the sale of trucks, trailers and parts purchased by a trucking company and used in interstate commerce at least 10 percent of the time. This is one of a number of “tax expenditure repeal” proposals included in Gov. Jennifer Granholm’s Fiscal Year 2007-2008 budget recommendation, which is based on approximately $1 billion in tax increases. Together with House Bill 4378 it would increase the taxes paid by trucking companies by approximately $16 million.
Referred to the Committee on Tax Policy
