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MI SB1110
Bill
Status
9/5/2018
Primary Sponsor
Thomas Casperson
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AI Summary
Senate Bill 1110 Summary
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Requires distributors and manufacturers originating beverage container deposits to file annual reports with the Michigan Department of Treasury by March 1 each year, detailing total deposits collected and refunds made on beverage containers sold and redeemed in-state.
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Allows the Department of Treasury to audit, assess, and collect unclaimed bottle deposits from underredeemers (those collecting more in deposits than they refund) and pay refunds to overredeemers (those refunding more than they collect).
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Enables overredeemers to request quarterly refunds from the Department of Treasury within 30 days of quarter-end, with Treasury processing refunds within 30 days of receiving the request.
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Establishes a bottle deposit fund administered by the Department of Treasury that receives net deposits from underredeemers, with 75% disbursed to the cleanup and redevelopment trust fund and 25% apportioned to dealers based on containers handled.
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Takes effect January 1, 2019.
Legislative Description
Trade; containers; reimbursement for overredemption of beverage containers; modify process.
State agencies (existing): treasury
Last Action
Referred To Committee On Natural Resources
9/5/2018