State expected to bring in an extra $60 million annually
A Traverse City Retailer might well feel the pain of his misplaced good cents.
There will be more than a few legislators regretting their turkey moves of additional regulatory rules during the ‘lame duck’ session.
But its not just the legislators. ‘Exhibit A,’ might well be a story that ‘celebrates’ the “early Christmas present” that Front Street Traverse City business received via SB 569 and SB 658 on Friday Morning. Demonstrating that the lobbying efforts of a few rent seeking business interests are not at all in line with taxpayer interests, the piece on Saturday’s TC Ticker starts with the ‘celebration’ of the “main-street fairness” law:
“It’s been years in the making, but state lawmakers have handed brick-and-mortar retailers like Bill Golden and others throughout Traverse City and Michigan a welcome Christmas present. Starting in October, more online retailers will have to add on Michigan’s sales tax to customer purchases — just like Michigan retailers have always had to do.”
Of course, folks around here (and very likely in all other places) understand that what is sold as fairness is usually anything but fair.
Big Box retailers have found foot soldiers willing to do bidding in HUGE rent seek.
Word on the street is that HB 4202 and HB 4203 are on the schedule for second reading today in the Michigan House of Representatives. That means it would be up for FINAL PASSAGE tomorrow. You can read below all the details about the bills. Bottom line, if they are enacted, you will be paying MORE taxes.
Please take a moment and contact your representative today. Let your opinion be known! These phone calls and emails do matter. They do affect how a representative votes.
Find your representative’s contact information here.
We will keep you posted of the progress (or lack therof) of these bills tomorrow.
House Bills 4202 (Kowall-R), and 4203 (VerHeulen-R), will impose new taxes on consumers in Michigan and will further burden online sellers, especially the mom and pop shops that operate out of a small store front office or the business owners home. They will be subjected by government to an abundance of new compliance requirements. It will stifle competition as many smaller competitors to the big guys (like Amazon) will likely be forced to downsize or worse yet, go out of business.