Exempts building materials for new single-family residences from use tax.

This bill amends Michigan's use tax law to exempt building materials used in constructing a new single-family residence from the tax. The exemption applies to materials that will be affixed to or made a structural part of the residence. The bill defines "qualified building materials" and "qualified residence." The exemption lasts for two years from the bill's effective date. The Department of Treasury must report on the impact of the exemption on residential housing.

Exempts building materials for new single-family residences from use tax.

This bill amends Michigan's use tax law to exempt building materials used in constructing a new single-family residence from the tax. The exemption applies to materials that will be affixed to or made a structural part of the residence. The bill defines "qualified building materials" and "qualified residence." The exemption lasts for two years from the bill's effective date. The Department of Treasury must report on the impact of the exemption on residential housing.