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MI SB0936

Bill

Official Source

Status

Vetoed

7/22/2020

Primary Sponsor

James Runestad

Click for details

Origin

Senate

100th Legislature

AI Summary

SB0936 Summary

  • Allows qualified taxpayers affected by COVID-19 executive orders to defer payment of sales taxes owed for March through August 2020 by splitting payments into installments with no penalties or interest assessed.

  • Defines "qualified taxpayer" as a business negatively impacted by a COVID-19 executive order, including businesses that are closed/restricted or unable to operate due to prohibited assemblages.

  • Establishes staggered payment schedules for monthly filers (March-May taxes in 6 installments, June in 5, July in 4, August in 3) and quarterly filers with specific due dates between June 22 and November 20, 2020.

  • Requires taxpayers deferring August 2020 taxes to submit an estimate to the department by July 31, 2020 on a prescribed form.

  • Takes immediate effect upon enactment.

Legislative Description

Sales tax; collections; collection of sales tax for certain businesses affected by a declared emergency; delay. Amends sec. 6 of 1933 PA 167 (MCL 205.56) & adds sec. 6d.

Sales tax: collections

Last Action

Vetoed By Governor 07/08/2020

7/22/2020

Committee Referrals

Ways And Means6/24/2020
Tax Policy6/18/2020
Finance5/21/2020

Full Bill Text

No bill text available