SENATE BILL NO. 455


   March 23, 1999, Introduced by Senator YOUNG and referred to the
        Committee on Finance.



        A bill to amend 1933 PA 167, entitled

   "General sales tax act,"

   (MCL 205.51 to 205.78) by adding section 4s.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 4S.  A PERSON SUBJECT TO TAX UNDER THIS ACT MAY EXCLUDE

 2    FROM THE GROSS PROCEEDS USED FOR THE COMPUTATION OF THIS TAX THE

 3    SALE OF A TEXTBOOK FOR USE AT AN ELEMENTARY OR SECONDARY SCHOOL.


















   02547'99          Final page.                            CSC