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* USA - Michigan bills would end tax exemptions for rolling stock
A Democrat-led initiative in Lansing would once again eliminate the sales tax exemption for purchases of rolling stock by interstate trucking operations
MI,USA -Land Line Magazine (Grain Valley,MO,USA) -June 18, 2007: -- An initiative in the Michigan House intends to give the state another avenue to collect taxes on the trucking industry... In 1985, the state began providing interstate motor carriers domiciled in Michigan with a refund of sales and use taxes paid on rolling stock used in interstate commerce. The practice lasted until 1992 when a court decision rescinded the exemption status... The exemptions were reinstated four years later because of concerns that Michigan-based trucking operations were at a competitive disadvantage with businesses domiciled in neighboring states that do not tax rolling stock...
Labels: taxes policy
posted by Unknown @ 11:18 AM
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