Michigan HB4376 amends the sales tax exemption for trade-in values of personal electronics.
Michigan HB4376 amends the sales tax exemption to include the trade-in value of personal electronics. This change applies to sales where the trade-in value is separately stated on the invoice or bill of sale. The bill also includes provisions for delivery and installation charges, credit for trade-in values of motor vehicles and recreational vehicles, and other specific exemptions. These changes aim to clarify and expand the scope of sales tax exemptions in Michigan.
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