OKEMOS, MI / ACCESSWIRE / January 31, 2018 / Since 2013, the Michigan Association of Recreation Vehicles and Campgrounds (MARVAC) has been advocating on behalf of Michigan RV consumers and RV dealers for a "sales tax on the difference" policy, which, after a rare move by the Michigan Legislature, went into effect in January 18, 2018.
"Educating and working with the politicians in Lansing and around the state was a major directive for MARVAC for the last five years," said William Sheffer, executive director of MARVAC.
In June 2017, Senate Bills 94 and 95 were passed by the senate which allowed for a person trading-in a used RV to purchase a new RV to be taxed only on the difference between the value on the trade-in and the new RV price. For example, if the trade-in value of an RV is $50,000 and a new 2018 RV is $100,000, the six percent sales tax will only be applied on the difference, or $50,000, Sheffer explained.
Governor Rick Snyder vetoed the bills in July 2017, but in an unusual move by the legislature, the veto was overridden. These bills mark the first time a Michigan governor's veto has been overturned since 2002.
"This is a great deal for those who enjoy RVing but may have been holding off on purchasing a new RV," said Sheffer. "In addition to being great news for the RV consumer, RV dealers are thrilled because it gives them another sales tool."
"These Public Acts 1 and 2 of 2018 are not only benefiting family-run businesses, but the state economy as a whole," Sheffer said. "We are pleased the dedicated effort of MARVAC on behalf of RV enthusiasts across the state has come to such a beneficial outcome."
With Michigan's largest RV Show-the 52nd Annual Detroit Camper & RV Show at Suburban Collection Showplace in Novi-running February 1-7, 2018, RV buyers will have an excellent opportunity to take advantage of the substantial new tax savings.
The Michigan Association of Recreation Vehicles and Campgrounds (MARVAC) is a statewide, nonprofit organization dedicated to encouraging growth in the recreation vehicle and private campground industries while contributing to the quality of Michigan tourism. For more information, visit MARVAC's website, www.marvac.org. MARVAC, 2222 Association Drive, Okemos, Mich. 48864-5978; 517.349.8881.
Contact:
Gretchen A. Monette
Agency: All Seasons Communications
Email: [email protected]
Phone: 586.752.6381
SOURCE: Michigan Association of Recreation Vehicles and Campgrounds