LANSING—Families, students, tourists and hunters would be able to take advantage of three sales tax holidays on certain items under legislation co-sponsored by Sen. John Proos.
“Offering these targeted sales tax holidays is about helping out Southwest Michigan small businesses while also giving a break to hardworking residents,” said Proos, R-St. Joseph. “As a father with children in school, I know that a sales tax holiday over the Labor Day weekend on back-to-school supplies and clothing would help thousands of Michigan families.”
Under Senate Bill 943, introduced by Sen. Mark Jansen, R-Gaines Township, a Back to School sales tax holiday would be established for Aug. 29 through Sept. 1 on school supplies, clothing and personal computers.
The first sales tax holiday would be during early summer for Pure Michigan tourism products, such as camping and fishing supplies, non-motorized watercraft and off-road vehicles. The third holiday would run Nov. 7-9 for hunting-related items, such as ammunition, firearms, crossbows and other supplies. Each exemption has a maximum item price applied appropriately.
“Several other states offer similar sales tax holidays every year,” Proos said. “We can see from their success that this supports our economy, saves money for Michigan families and does so with no significant cost to the state.”
Currently, 18 states across the country participate in such holidays.
Studies in other states have indicated that a reason for the revenue offset is an increase in spending on taxable items when consumers shop for the tax-exempt items during the holiday.
SB 943 has been referred to the Senate Finance Committee for consideration.
Editor’s Note – Audio comments by Sen. Proos will be available later on the senator’s website at www.SenatorJohnProos.com. Click on “Audio” under the Media Center tab.
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