Michigan Treasury Issues Guidance on Sales Taxability of Automobiles by Leasing Companies

The Michigan Department of Treasury Aug. 7 issued guidance on the taxability of the retail sale of vehicles by leasing companies and persons other than a vehicle dealer licensed with the Secretary of State for sales and use tax purposes. The state requires every person selling tangible personal property at retail to obtain a sales tax license, regardless of the amount of sales or the manner of obtaining goods for sale. The bulletin includes information that: 1) leasing companies and other non-licensed sellers of automobiles must obtain a sales tax license, file sales tax returns, and remit sales tax to ...