Bill Text: MI SB0848 | 2013-2014 | 97th Legislature | Introduced
Bill Title: Use tax; exemptions; tangible personal property sold for use in the harvesting, handling, transformation, or packaging of aquatic vegetation from the waters of this state; exempt. Amends 1937 PA 94 (MCL 205.91 - 205.111) by adding sec. 4bb.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-03-04 - Referred To Committee On Finance [SB0848 Detail]
Download: Michigan-2013-SB0848-Introduced.html
SENATE BILL No. 848
March 4, 2014, Introduced by Senator HUNE and referred to the Committee on Finance.
A bill to amend 1937 PA 94, entitled
"Use tax act,"
(MCL 205.91 to 205.111) by adding section 4bb.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 4bb. (1) Subject to subsections (2) and (3), the tax
under this act does not apply to the storage, use, or consumption
of the following:
(a) Tangible personal property sold to a taxpayer for use in
the harvesting, handling, transformation, or packaging of aquatic
vegetation from the waters of the state.
(b) Repair parts for tangible personal property used in the
harvesting, handling, transformation, or packaging of aquatic
vegetation from the waters of the state.
(2) The property under subsection (1) is exempt only to the
extent that the property is used for the exempt purposes stated in
this section. The exemption is limited to the percentage of exempt
use to total use determined by a reasonable formula or method
approved by the department.
(3) The exemption under subsection (1) does not include a
motor vehicle licensed or required to be licensed for use on the
public roads or highways of this state.
(4) As used in this section, "waters of the state" means that
term as defined in section 3302 of the natural resources and
environmental protection act, 1994 PA 451, MCL 324.3302.
