May 13, 2004, Introduced by Reps. LaSata and Rocca and referred to the Committee on Energy and Technology.
A bill to amend 1933 PA 167, entitled
"General sales tax act,"
(MCL 205.51 to 205.78) by adding section 4bb.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 4bb. (1) A person subject to tax under this act may
2 exclude from gross proceeds used for the computation of the tax
3 the sale of a qualified home appliance. As used in this section,
4 "qualified home appliance" means a clothes washer, dehumidifier,
5 refrigerator, or dishwasher that meets or exceeds the applicable
6 energy star power consumption guidelines developed by the United
7 States environmental protection agency and the United States
8 department of energy.
9 (2) Not later than January 1 each year, the state treasurer
10 shall determine the amount of revenue lost from the state school
11 aid fund in the immediately preceding state fiscal year because
1 of the exemption in this section and shall immediately deposit
2 that amount from the state general fund into the state school aid
3 fund.