MI HB5505

Amends the alternative state essential services assessment collection and administration procedures under 2014 PA 93, effective December 27, 2021.

Requires the department to provide eligible claimants an electronic statement by May 1 each year for calculating the assessment, developed from combined document information or prior year statements (beginning 2024).

Establishes August 15 deadline for eligible claimants to electronically certify and pay the full assessment; imposes 3% monthly penalty (maximum 27%) for late payments by April 15 of the following year, with penalty waived for first-year claimants paying by September 15.

Authorizes the department to rescind property tax exemptions if full payment and penalties are not received by April 15, or if property is discovered ineligible; requires rescinded property owners to file statements with local assessors within 30 days and allows amended tax bills within 60 days.

Establishes audit authority for the department to verify eligibility and compliance for current and preceding three years; requires access to books and records; allows tax tribunal appeals within 35 days of audit determination or by December 31 for regular assessments.

Conditional enactment: Takes effect only if House Bills 5504, 5503, and 5502 of the 101st Legislature are also enacted.