Michigan Laws 207.373 – Excise tax on airport parking facility; rate
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 207.373
- Airport parking facility: means an area, space, garage, parking structure, or other facility upon or in which motor vehicles are parked, stored, or housed for a consideration and that is located within the boundaries or within 5 miles of the boundaries of a regional airport facility. See Michigan Laws 207.372
- Person: means a natural person, partnership, fiduciary, association, corporation, or other legal entity. See Michigan Laws 207.372
- Transaction: means the parking, storing, housing, or keeping of a motor vehicle for consideration. See Michigan Laws 207.372
There is levied upon and shall be collected from a person engaged in the business of providing an airport parking facility an excise tax. Through December 31, 2002, the rate of the excise tax is 30% of the amount of the charge for the transaction. Beginning January 1, 2003, the rate of the excise tax is 27% of the amount of the charge for the transaction.