MI SB1100

Requires taxpayers subject to sales tax to maintain records in paper, electronic, or digital format including inventories, purchase records, daily sales records, receipts, invoices, and bills of lading for 4 years after taxes are due.

Prohibits destruction or alteration of electronic records required under the General Sales Tax Act or the Revenue Act of 1941.

Allows the Department of Treasury to require up to 1,000 persons to maintain anti-sales suppression devices on cash registers or point-of-sale systems from January 1, 2015 through December 31, 2017.

Permits the Department to conduct indirect audits and assess taxes based on reconstructed income using third-party records when taxpayers fail to maintain sufficient records, with the assessment presumed correct unless taxpayer provides refuting evidence.

Exempts taxpayers with complete records and filed returns from indirect audits unless the Department has documented reason to believe records are inaccurate or incomplete.