Search

Rep. LaSata votes for family tax relief on vehicle purchases


State Rep. Kim LaSata on Wednesday voted to accelerate sales tax relief for Michigan families buying motor vehicles by overriding a gubernatorial veto.

The vote was the second time she voted in support of the Senate legislation, providing tax relief for people buying cars, trucks and SUVs with a trade-in. Current law calls for phasing in planned sales and use tax deductions on purchases including a trade-in through 2039, but this week’s vote moves it up to 2029.

“This will make vehicles significantly more affordable for families in southwest Michigan, in additional to potentially drawing more buyers from neighboring states,” said LaSata, of Bainbridge Township, after the House joined the Senate in overriding a veto of legislation from Gov. Rick Snyder. “Vehicle are among the largest purchases anyone can make in a given year and we should be more practical to how we tax buying a new car or motorcycle, especially when a previous vehicle is being traded in. Our vote ensures they will get it.”

The new law speeds reforms approved in 2013, allowing buyers to subtract the value of their trade-ins from the purchase price of a vehicle for sales tax purposes. The accelerated sales tax relief also will apply to boats and recreational vehicles bought with a trade-in.

The Senate bills overwhelmingly approved by the Legislature on Wednesday were vetoed by the governor in July 2017, following the House – and LaSata – voting in support in June.

#####v

#Legislation #KimLaSata #TaxRelief

1 view0 comments