MI HB6076

Department shall credit or refund an overpayment of taxes within 60 days after a return is filed or a claim is filed, whichever is later.

Refunds shall include taxes, penalties, and interest that were erroneously assessed and collected, or found unjustly assessed, excessive, or wrongfully collected.

Interest accrues on refunds at the rate calculated under section 23 for tax payment deficiencies, beginning 45 days after the claim is filed or 45 days after the return filing deadline, whichever is later.

Overpayments and credits shown on a tax return constitute a claim for refund, and excess amounts after applying to known liabilities shall be refunded or credited to the taxpayer's request within 60 days.

Refunds of less than $1.00 shall not be paid.