Michigan - Equipment used in certain repair services may qualify for industrial processing exemption

A taxpayer's purchases qualified for Michigan's use tax exemption for industrial processing when it obtained title to nonfunctional circuit boards from customers, repaired the boards, and sold reconditioned or new functional boards back to the customers at a set price (regardless of the repair costs). [K&S Industrial Services v. Department of Treasury, Michigan Court of Appeals No. 305516 (Mich. Ct. App. 9/27/12)]