PAAdvisory Briefs

Arwood Named LARA Director

Michigan Governor Rick Snyder named Steve Arwood as the new Director of the Department of Licensing and Regulatory Affairs (LARA) Thursday. Mr. Arwood had been serving as acting director since Steve Hilfinger departed to become Chief Operating Officer of the Michigan Economic Development Corporation (MEDC). Arwood had previously served as Director of the Unemployment Insurance Agency (UIA) and Deputy Director of LARA.

Former Justice Hathaway Pleads Guilty

Tuesday in Ann Arbor, former Michigan Supreme Court Justice Diane Hathaway pleaded guilty to bank fraud before a U.S. District Court Judge. The federal charge has her facing up to 18 months in prison, fines amounting to $30,000 and restitution of $90,000. She will be sentenced in May and could see all federal civil cases against her dropped if she pays all restitution.

Value of a Trade-In to be Exempt from Sales/Use Tax

Senate Bill 89 and Senate Bill 90 were unanimously reported from the Senate Finance Committee on Wednesday. The two bills introduce a 10-year phase out process that would exclude, from sales and use tax, the value of a trade-in on a new or used motor vehicle, watercraft, or recreational vehicle. Beginning June 1, 2013 exactly 10 percent of the agreed upon value will be exempt from taxation with the exemption amount increasing by 10 percent each year for 10 years. Senator Dave Robertson (R-Grand Blanc) is the sponsor of the legislation.

posted by PAA Online , Friday, February 1, 2013 10:50 AM
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