Michigan vehicle buyers may get a tax break

By: The Associated Press
By: The Associated Press

LANSING, Mich. Michigan residents looking to trade in their vehicle for a new one may be in line for a tax break.

State lawmakers appear poised to vote to phase out a requirement that buyers pay sales tax on the full price of a car without subtracting the value of their trade-in. Bills are set for votes in the House and Senate Tuesday and could reach Gov. Rick Snyder within days.

He has had concerns about lost tax revenue. But with legislators deciding to move forward on legislation already passed earlier in the year, it signals that an agreement is within reach.

Snyder spokeswoman Sara Wurfel says he wants to save people money and still ensure Michigan's "continued fiscal responsibility."

The legislation would apply to the sales of automobiles, watercraft and RVs.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email: newscenter16@wndu.com
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 228745251 - wndu.com/a?a=228745251
Gray Television, Inc.