August 30, 2006, Introduced by Reps. Taub, Hildenbrand, Stakoe, Elsenheimer, Pastor, Garfield, Drolet, Gosselin, Hoogendyk, Huizenga, Newell, Meyer, Jones, Amos, Robertson, Emmons, Palmer, Brandenburg, Hune, Condino, Hummel and Vander Veen and referred to the Committee on Tax Policy.
A bill to amend 1933 PA 167, entitled
"General sales tax act,"
by amending section 5b (MCL 205.55b), as amended by 2004 PA 173.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 5b. (1) The organizing entity of a qualified athletic
event that sells corporate sponsor contracts for the event that
include both taxable tangible personal property and services may
exempt the retail sale of the taxable tangible personal property if
all of the following criteria have been met:
(a) The organizing entity is exempt or is wholly owned by an
entity exempt under section 501(c)(6) of the internal revenue code,
26 USC 501.
(b) The organizing entity provided both of the following to
department at least
days in advance of entering into
the first corporate sponsor contract:
(i) Written notice of its intent to enter into corporate
(ii) An itemized schedule of the tangible personal property and
services that will be provided under each corporate sponsor
(c) The department has given written approval to the
As used in this section, "qualified athletic event" means
1 or more of the following:
(a) A professional sporting competition in which individuals
officially representing at least 2 countries or nations compete.
(b) A professional football competition in which teams compete
in a postseason event to determine the league champion.
(c) A professional golfers' association competition in which
individuals compete in an event to determine a champion.
(d) A collegiate basketball competition in which teams compete
in a postseason event to determine the national champion.
This section is repealed effective January 1,