SALES & USE TAX: DUST CONTROL - S.B. 467: FLOOR ANALYSIS
Senate Bill 467 (as reported without amendment)
Sponsor: Senator Joel D. Gougeon
Committee: Finance
CONTENT
The bill would amend the Use Tax Act to provide that the tax would not apply to the storage, use, or consumption of dust control chemicals purchased by a person that had a service contract with a local governmental unit to spread the chemicals on gravel roads within the local unit.
Proposed MCL 205.94p - Legislative Analyst: G. Towne
FISCAL IMPACT
Senate Bills 466 and 467 would reduce sales and use tax revenue by under $1.0 million. Most of the loss would come from the sales tax, which would reduce School Aid Fund revenue by $0.7 million, General Fund/General Purpose revenue by $0.02 million, and State revenue sharing payments to local units of government by $0.3 million.
Date Completed: 5-5-99 - Fiscal Analyst: R. RossFloor\sb467 - Analysis available @ http://www.michiganlegislature.org
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.