Bills sent to Snyder would speed tax cut for car trade-ins
LANSING, Mich. (AP) — People who trade in their car to buy a new one would see a sales tax cut phased in more quickly under bills sent to Gov. Rick Snyder. Buyers can subtract the value of their trade-in from the purchase price of a new vehicle for tax purposes under a 2013 law. The legislation finalized by the Republican-led Senate Thursday would accelerate the phase-in of the tax break to 2029 — 10 years sooner. The bills’ supporters […]...
Published By: Fox 17 - Thursday, 22 June, 2017
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