Sales tax: exemptions; offset of the trade in value of personal electronics; provide for. Amends sec. 1 of 1933 PA 167 (MCL 205.51).

Summary

The bill amends Michigan’s General Sales Tax Act to let retailers give a tax credit for the agreed‑upon value of a portable electronic device that a consumer trades in when buying a new or used device. The credit reduces the taxable sales price, affecting electronics retailers and consumers who trade in phones, tablets, laptops, etc. It aligns electronic device trade‑ins with existing vehicle and watercraft trade‑in credits.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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