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MI HB5656
Bill
Status
Introduced
2/27/2018
Primary Sponsor
Yousef Rabhi
Click for details
AI Summary
- Establishes a 4% excise tax on bottled water operators who bottle or package water from nonmunicipal sources in containers of 5.7 gallons or less
- Requires bottled water operators to submit monthly reports to the Department of Treasury by the 25th of each month detailing total water bottled, wholesale price, and other required information
- Tax is calculated based on the wholesale price of bottled water and must be paid to the Department of Treasury when the monthly report is submitted
- Department of Treasury administers the tax under existing tax administration law (1941 PA 122) with authority to promulgate implementing rules
- All tax revenues collected are deposited into the state drinking water revolving fund established under the Shared Credit Rating Act
Legislative Description
Taxation; excise taxes; tax on bottled water from a nonmunicipal source; impose. Creates new act.
Water: other
Last Action
Bill Electronically Reproduced 02/27/2018
2/28/2018
Committee Referrals
Natural Resources2/27/2018
Full Bill Text
No bill text available