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.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.