LANSING – Monday’s House Tax Policy Committee saw Republicans, who control the House, for the first time indicate which tax exemption eliminations they might support. A complete list follows.
Sales and use tax exemption for investment coins
Corporate farm SBT credit
Property, use and sales tax exemptions for municipal golf courses
Use tax exemption for insurers
Use tax exemption on vehicle transfers between relatives
Allowing businesses to receive a property tax cut when occupancy drops, but not a tax increase when occupancy rises.
SBT historic preservation credits
Sales and use tax exemption for driver training vehicles
Property tax exemption for energy conservation devices
New tax amnesty period
Sales/use tax bad debt deduction where seller has a lien on buyer’s property
SBT apprenticeship credit
Sales tax exemption on newspapers and periodicals
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