MI HB4153

Requires prepayment of fuel taxes at the time of purchase or shipment from refiners, pipeline terminal operators, or marine terminal operators, effective through March 31, 2013 for gasoline and April 1, 2013 onward for both gasoline and diesel fuel.

Sets prepayment rates at 6% of the statewide average retail price per gallon for gasoline and diesel fuel separately, rounded up to the nearest 1/10 of 1 cent, as determined and certified by the department.

Requires prepayment rate adjustments every 3 months through March 31, 2013, then monthly beginning April 1, 2013, with notice published by the tenth day of the preceding month.

Allows fuel sellers to claim estimated prepayment credits on monthly tax returns based on the difference between prepayments made in the preceding month and collections from sales during the current month.

Establishes remittance schedules for refiners, pipeline terminal operators, and marine terminal operators to account for prepayments to the department by the 25th of each month for mid-month receipts and by the 10th for later receipts.