Introduced by Rep. Andrea LaFontaine R-Richmond on May 29, 2012
To exempt from sales tax the value of a trade-in when buying a new motor vehicle or titled watercraft. The buyer would only pay sales tax on the difference between the value of the trade-in and the purchase price of the new car. The tax break would be phased in steps through 2015. Official Text and Analysis.
Referred to the House Tax Policy Committee on May 29, 2012
Reported in the House on June 6, 2012
Without amendment and with the recommendation that the bill pass.
Amendment offered by Rep. John Walsh R-Livonia on September 27, 2012
To extend the bill to recreational vehicles.
The amendment passed by voice vote in the House on September 27, 2012
Amendment offered by Rep. Robert Genetski R-Saugatuck on September 27, 2012
To extend the tax break to a person who sells a used vehicle to one dealer and buys a new one from another dealer within 60 days.
The amendment failed by voice vote in the House on September 27, 2012
To require prices posted on gas station fuel pumps and roadside advertising to be the full price rather than a "cash discount" or other conditional price. If there are any conditions these would have to be posted in lettering at least half the size of the posted price. The "sales tax on the difference" provisions were removed to make this a "vehicle" bill for these new regulations.