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MI HB4921
Bill
Status
12/31/2014
Primary Sponsor
John Walsh
Click for details
AI Summary
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Modifies use tax filing and payment requirements for sellers in Michigan under the 1937 Use Tax Act (MCL 205.96)
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Changes accelerated payment threshold for large sellers from January 1, 2014 forward: sellers with prior year tax liability of $720,000 or more must remit 75% of liability (instead of 50%) by the 20th of each month, plus reconciliation payments
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Allows accelerated tax payments to be combined with general sales tax payments under MCL 205.56 as a single electronic transfer
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Effective immediately upon approval and filing with the Secretary of State on December 30, 2014
Legislative Description
Use tax; collections; accelerated filers; revise effective date. Amends sec. 6 of 1937 PA 94 (MCL 205.96).
Use tax, collections
Last Action
Assigned Pa 426'14 With Immediate Effect 2014 Addenda
12/31/2014