Archive for » October 24th, 2013«

Local state legislators aim to boost auto, boat sales by reducing costs – The Flint Journal

DaveRobertson.jpgState Sen. David Robertson, R-Grand Blanc Township

GRAND BLANC TOWNSHIP, MI — State Sen. David Robertson sponsored legislation that aims to boost auto, RV and boat sales by cutting the sales tax on the purchase.

“This is a win for the Average Joe and a win for local job providers. These reforms will help consumers save money when they buy a car or boat in Michigan and enable our local Michigan dealers to better compete with out-of-state sellers,” said Robertson, R-Grand Blanc Township, in a written statement.

When an individual today buys a new or used automobile or watercraft in Michigan, the state’s 6 percent sales tax is applied to the full sales price, even if the sale included a trade-in.

“Michigan is currently one of only six states – and the only Great Lakes state – that taxes the value of trade-ins,” Robertson said in the statement. “This unfair policy puts in-state businesses at a serious competitive disadvantage and costs Michigan consumers more in extra taxes. It is a clear example of how bad tax laws can negatively impact both job providers and consumers.”

The House approved the bills Tuesday, Oct. 22, that would phase out the requirement that buyers pay sales tax on the full price of a boat, car or recreational vehicle without subtracting the value of their trade-ins.

State Rep. Joseph Graves, R-Argentine Township, also supported the bill, according to a press release.

“This is common-sense tax reform that will enable taxpayers to add to their savings accounts or pay bills with the money that is saved,” Graves said in a written statement. 

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