SB 997·MI·senate
Sales tax: collections; credit for trade-in vehicles; modify. Amends sec. 1 of 1933 PA 167 (MCL 205.51). TIE BAR WITH: SB 0998'26
In CommitteeFiled May 21, 2026
Sponsor: Jonathan Lindsey
Latest Action
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
May 21, 2026
Summary
The bill revises the General Sales Tax Act to update the credit that sellers may claim when a buyer trades in a motor or recreational vehicle. It establishes new dollar limits that rise over time and clarifies which delivery, installation and other charges are taxable. The changes affect vehicle dealers, other sellers, and consumers buying vehicles.
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