MI HB5504

Modifies the Department of Treasury's collection and administration of the state essential services assessment on eligible personal property under 2014 PA 92

Requires the Department to provide eligible claimants with electronic assessment statements by May 1 each year, developed from information submitted on combined property tax documents or from prior year statements (beginning in 2024)

Sets August 15 deadline for claimants to electronically certify and pay assessments in full, with 3% monthly penalty (maximum 27%) for late payments, and waives penalties for first-time filers paying by September 15

Authorizes the Department to audit claimants' books and records for the filing year and prior 3 years, and requires rescission of exemptions for claimants who fail to pay assessments within 35 days of audit issuance

Allows claimants to appeal assessments and penalties to the Michigan Tax Tribunal by December 31 of the tax year, or within 35 days for audit-related assessments

Takes effect only upon enactment of HB 5505, HB 5503, and HB 5502 (tie-bar provision)