Use tax: collections; credit for trade-in vehicles; modify. Amends sec. 2 of 1937 PA 94 (MCL 205.92). TIE BAR WITH: SB 0997'26

Summary

The bill revises the 1937 Use Tax Act by clarifying key terms such as “person,” “use,” and “seller,” and changes how the purchase price is calculated for tax purposes. It specifically adjusts the credit allowed for trade‑in motor and recreational vehicles, setting new dollar caps that increase over time. The changes affect dealers, consumers, and the state tax department by altering taxable amounts on vehicle sales.

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