MI HB5620

Sellers must obtain purchaser identifying information and exemption reasons in a standard electronic format adopted under the streamlined sales and use tax agreement.

Sellers who obtain completed exemption forms or relevant data within 120 days after sale are not liable for tax if purchaser improperly claims exemption.

Sellers can accept blanket exemption forms for recurring business relationships with no renewal requirements if sales occur within 12-month periods.

Purchasers may claim refunds for taxes paid on exempt purchases within 4 years by submitting purchase records, seller-signed substantiation forms, and proper exemption claims to the department.

Effective date is January 1, 2019.