Michigan SB0776 amends the use tax to exempt certain watercraft used primarily for pleasure or recreation.

Michigan SB0776 amends the use tax to exempt certain watercraft used primarily for pleasure or recreation. The exemption applies if the purchaser files an application for a certificate of number or title, or a combined application, indicating the primary use is pleasure. The watercraft must be stored in Michigan after purchase and used primarily for pleasure or recreation. This bill does not affect the tax on the first $18,000 of the purchase price.

Michigan SB0776 amends the use tax to exempt certain watercraft used primarily for pleasure or recreation.

Michigan SB0776 amends the use tax to exempt certain watercraft used primarily for pleasure or recreation. The exemption applies if the purchaser files an application for a certificate of number or title, or a combined application, indicating the primary use is pleasure. The watercraft must be stored in Michigan after purchase and used primarily for pleasure or recreation. This bill does not affect the tax on the first $18,000 of the purchase price.