Budget & Taxes (Sales Tax)

HB 5130 exempts the storage, use, or consumption of investment coins and bullion from Michigan's use tax, effective July 7, 1999. It directly affects individuals and businesses buying or selling qualifying precious metals, including collectible coins and bullion (gold, silver, or platinum in bulk form). The bill updates the definition of "bullion" to include gold/silver/platinum leaf, foil, or film with 50%+ metal content (starting January 1, 2026), provided it's used as currency but isn't legal tender. Investment coins are defined as government-issued coins with market value exceeding face value.

HB 4185 changes how Michigan's general sales tax revenue is distributed. It directs 15% of the 4% sales tax to cities, villages, and townships through the Glenn Steil Revenue Sharing Act. Sixty percent goes to the state school aid fund (including all 2% tax from aviation fuel sales), while 27.9% of 25% from vehicle/fuel sales funds the transportation system. Additionally, it requires $9-12 million annually from computer software sales to the Michigan health initiative fund.

HB 4181 removes a sales tax exemption for certain motor fuel purchases by amending Michigan's 2004 tax code (MCL 205.173 & 205.175). The bill directly affects businesses and consumers purchasing motor fuel by eliminating an existing tax exemption, meaning these purchases will now be subject to sales tax. It streamlines the tax code by clarifying that motor fuel is no longer exempt from sales tax under the specified sections. The bill was enacted on October 7, 2025, and is now law as Public Act 18 of 2025.