MichiganVotes.org: Michigan Laws, Bills and Votes
using concise, plain and objective descriptions
using concise, plain and objective descriptions
Legislation watch
2011 Senate Bill 127: Vehicle trade-in “sales tax on the difference” only
Introduced by Sen. David Robertson R-Grand Blanc on February 9, 2011
To exempt from sales tax the value of a trade-in on the purchase of a new motor vehicle or titled watercraft. The buyer would only pay tax on the difference between the value of the trade-in and the purchase price of the new item. Official Text and Analysis.
Referred to the Senate Finance Committee on February 9, 2011
Reported in the Senate on March 3, 2011
With the recommendation that the bill pass.
Substitute offered in the Senate on May 15, 2012
To phase-in the tax cut in biannual installments through the end of 2017.
The substitute passed by voice vote in the Senate on May 15, 2012
To exempt from sales tax the value of a trade-in on the purchase of a new motor vehicle or titled watercraft. The buyer would only pay tax on the difference between the value of the trade-in and the purchase price of the new item. The tax cut would be phased in biannual installments through the end of 2017.
Received in the House on May 16, 2012
Referred to the House Tax Policy Committee on May 16, 2012
Reported in the House on November 27, 2012
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.