MI HB4003

Authorizes the state treasurer to compromise all or part of state tax liabilities beginning January 1, 2015, based on doubt as to liability, doubt as to collectability, or federal tax compromises granted under Internal Revenue Code section 7122.

Requires the state treasurer to file written reports on compromises that include the amount of tax assessed, penalties and interest imposed, compromise terms, and grounds for the compromise, with reports published on the department website.

Allows the state treasurer to revoke compromises if the taxpayer concealed assets, falsified records, or failed to comply with compromise terms or subsequent tax filing requirements within 20 days of notice.

Requires the state treasurer to establish guidelines, decision-making procedures, and an independent administrative review process for offer-in-compromise within 180 days, modeled on the federal IRS program where appropriate.

Requires taxpayers submitting offers to remit $100 or 20% of the offer amount (whichever is greater) that will not be refunded if the offer is rejected, and prohibits levy actions while an offer is pending unless determined to be a delay tactic or a jeopardy assessment is issued.