VanderWall Overriding veto will provide sales tax relief Michigan families deserve

first_img17Jan VanderWall: Overriding veto will provide sales tax relief Michigan families deserve Categories: VanderWall News State Rep. Curt VanderWall today voted to accelerate sales tax relief for Michigan families buying motor vehicles by overriding a gubernatorial veto with his House colleagues.The House vote means additional 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. With today’s vote, the reductions will be fully implemented a decade earlier.“Any tax relief is great for Michigan’s markets. That’s one of the reasons why I voted in favor of the veto override,” said VanderWall, of Ludington, after the House joined the Senate in overriding a veto of legislation from Gov. Rick Snyder. “The other reason is families across Benzie, Leelanau, Manistee and Mason counties should not have to wait until 2039 to get tax relief on one of the most important investments they make.”The Senate bills overwhelmingly approved by the Legislature were vetoed by the governor in July.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.last_img

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