MI HB6190

Amends the Use Tax Act to revise the tax collection and filing requirements for sellers and taxpayers with $720,000 or more in annual tax liability.

From January 1, 1999 through June 30, 2009, requires sellers meeting the threshold to remit 50% of their prior year's same-month liability (or 50% of current month's actual liability, whichever is less) by the 20th of each month, plus a reconciliation payment for the prior month.

Beginning July 1, 2009, increases the prepayment requirement to 75% of the prior month's liability for taxpayers meeting the threshold, with reconciliation payments required by the 20th of each month.

Allows electronic fund transfers for payment remittance and permits combining payments under both the Use Tax Act and General Sales Tax Act into a single payment.

Renumbers existing subsections and maintains authority for the Department to require alternative filing periods and establishes that tax accrues on the last day of each calendar month.