MI SB0935

Allows qualified taxpayers negatively impacted by COVID-19 executive orders to defer payment of use taxes for March through August 2020 in installments rather than paying in full on the normal due date.

Qualified taxpayers filing monthly returns can pay taxes in 3 to 6 equal installments with specific due dates between June 22 and November 20, 2020, depending on the month.

Qualified taxpayers filing quarterly returns can pay taxes in 2 to 3 equal installments with specific due dates between June 22 and November 20, 2020.

Defines "qualified taxpayer" as one whose business was negatively impacted by a COVID-19 executive order, including businesses that were closed or restricted by the order or whose operations involve prohibited assemblages of people.

Prohibits assessment of penalties and interest on deferred taxes paid pursuant to this installment arrangement.