SENATE BILL NO. 401


   March 3, 1999, Introduced by Senator DINGELL and referred to the
        Committee on Finance.



        A bill to amend 1933 PA 167, entitled

   "General sales tax act,"

   (MCL 205.51 to 205.78) by adding section 4r.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 4R.  A PERSON SUBJECT TO THE TAX UNDER THIS ACT MAY

 2    EXCLUDE FROM THE GROSS PROCEEDS USED FOR THE COMPUTATION OF THE

 3    TAX THAT PART OF THE PURCHASE PRICE OF A NEW AUTOMOBILE PART

 4    ATTRIBUTABLE TO THE TRADE-IN VALUE OF A USED AUTOMOBILE PART USED

 5    AS PART PAYMENT FOR THE NEW AUTOMOBILE PART.














   02381'99          Final page.                            CSC