MI SB0572

Department shall make assessment statements available electronically to eligible claimants by May 1 each year, developed from information submitted on combined documents required by the general property tax act.

Eligible claimants must electronically revise, certify, and pay full assessment by August 15, with 1% weekly penalties (up to 5% maximum) applied for late payments after October 15; first-year penalty waived if paid by September 15.

Department shall rescind property exemptions by first Monday in December for claimants who fail to pay in full by October 15 or whose property is discovered to be ineligible, triggering amended tax bills within 60 days.

Eligible claimants must provide audit access to books and records for current and preceding 3 years; audits assessed within 35 days with penalties and interest; exemptions subject to rescission if full payment not timely made.

Claimants may appeal assessments, penalties, or rescissions to Michigan Tax Tribunal by December 31 of the tax year, or within 35 days for audit-related assessments; effective December 31, 2017, contingent upon SB 570 enactment.