Michiganders Looking To Trade-In Car Will Get Tax Break - Northern Michigan's News Leader

Michiganders Looking To Trade-In Car Will Get Tax Break

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LANSING (AP) -- If you want to trade your current car for a new one, you will soon get a tax break.

The Senate and House voted Tuesday to phase out buyers paying sales tax on the full price of a car or RV without subtracting the value of the trade-in. 

Final approval is expected Wednesday. 

In December, buyers would no longer pay the 6% sales tax on $2,000 or the value of the trade-in.  

Michigan is among 6 states to have car buyers pay sales tax without subtracting the trade-in.  

 

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