Use tax: exemptions; offset of the trade in value of personal electronics; provide for. Amends sec. 2 of 1937 PA 94 (MCL 205.92).

Summary

The bill revises Section 2 of the 1937 Use Tax Act, redefining key terms and specifying how the purchase price is calculated, including trade‑in credits. It creates a mechanism for consumers who trade in personal electronics to offset their use‑tax liability. The change aims to make the tax more equitable for buyers and sellers of electronic devices.

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