SALES TAX: BULK VENDING - S.B. 1237: COMMITTEE SUMMARY
Senate Bill 1237 (as introduced 5-3-00)
Sponsor: Senator Bev Hammerstrom
Committee: Finance
Date Completed: 5-17-00
CONTENT
The bill would amend the General Sales Tax Act to exempt from the tax sales of food or candy, chewing gum, and toys or other items designed primarily to be used or played with by children, if sold through a coin-operated "bulk vending machine" and if the consideration paid were 50 cents or less. A "bulk vending machine" would be a vending machine that contained unsorted items that, upon insertion of a coin, dispensed items in approximately equal portions at random and without selection by the customer.
Proposed MCL 205.54aa - Legislative Analyst: G. Towne
FISCAL IMPACT
This bill would reduce sales tax collections by an estimated $0.5 million. This loss in revenue would primarily affect School Aid Fund revenue.
- Fiscal Analyst: J. WortleyS9900\s1237sa
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.