USE TAX ON SERVICES; REPEAL S.B. 838 (S-1): FLOOR ANALYSIS
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Senate Bill 838 (Substitute S-1 as reported)
Sponsor: Senator Nancy Cassis
Committee: Finance
CONTENT
The bill would repeal Section 3d of the Use Tax Act immediately after the section takes effect on December 1, 2007. Section 3d extends the use tax to certain services and appropriates $100,000 to the Department of Treasury for the implementation of the section's requirements.
Section 3d was enacted by Public Act 93 of 2007.
MCL 205.93d Legislative Analyst: Craig Laurie
FISCAL IMPACT
This bill would reduce use tax revenue an estimated $613.8 million in FY 2007-08 and $751.3 million in FY 2008-09. Two-thirds of this loss in revenue would have an impact on the General Fund/General Purpose budget and one-third of this loss in revenue would affect the School Aid Fund. Local units of government would not be directly affected by this bill.
Date Completed: 11-6-07 Fiscal Analyst: Jay Wortley
floor\sb838 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.
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. sb838/0708