Bill Text: MI SB0735 | 2013-2014 | 97th Legislature | Chaptered
Bill Title: Use tax; exemptions; tax exemption on tangible personal property used in construction or renovation of qualified convention facility; extend sunset. Amends sec. 4z of 1937 PA 94 (MCL 205.94z).
Spectrum: Bipartisan Bill
Status: (Passed) 2014-03-27 - Assigned Pa 0054'14 With Immediate Effect [SB0735 Detail]
Download: Michigan-2013-SB0735-Chaptered.html
Act No. 54
Public Acts of 2014
Approved by the Governor
March 25, 2014
Filed with the Secretary of State
March 25, 2014
EFFECTIVE DATE: March 25, 2014
STATE OF MICHIGAN
97TH LEGISLATURE
REGULAR SESSION OF 2014
Introduced by Senators Marleau and Smith
ENROLLED SENATE BILL No. 735
AN ACT to amend 1937 PA 94, entitled “An act to provide for the levy, assessment, and collection of a specific excise tax on the storage, use, or consumption in this state of tangible personal property and certain services; to appropriate the proceeds of that tax; to prescribe penalties; and to make appropriations,” by amending section 4z (MCL 205.94z), as added by 2008 PA 555.
The People of the State of Michigan enact:
Sec. 4z. The tax levied under this act does not apply to tangible personal property acquired before January 1, 2016 by a person engaged in the business of altering, repairing, or improving real estate for others if the property is to be affixed to or made a structural part of a qualified convention facility under the regional convention facility authority act, 2008 PA 554, MCL 141.1351 to 141.1379. As used in this subdivision, “qualified convention facility” means that term as defined in section 5 of the regional convention facility authority act, 2008 PA 554, MCL 141.1355.
This act is ordered to take immediate effect.
Secretary of the Senate
Clerk of the House of Representatives
Approved
Governor
