May 10, 2005, Introduced by Senators CASSIS and GOSCHKA and referred to the Committee on Finance.
A bill to amend 1937 PA 94, entitled
"Use tax act,"
(MCL 205.91 to 205.111) by adding section 10a.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 10a. (1) A person liable for collection of the tax under
this act may claim a credit or refund under this section for the
tax collected under this act on a leased motor vehicle that is
returned under 1986 PA 87, MCL 257.1401 to 257.1410.
(2) A credit or refund under this section shall be claimed on
a form provided by the department.
(3) If a person liable for collection of the tax under this
act claims a credit under subsection (1), the person liable for
collection of the tax under this act may deduct the amount of the
credit from the amount of tax due with a return filed under section
6 or the amount of a direct payment made under section 8.