MI HB4253

Exempts delivery and installation charges from use tax if separately stated on invoices and taxpayer maintains separate records, except for utility charges involving electricity, natural gas, or artificial gas.

Requires the Department of Treasury to cancel all outstanding balances on notices of intent to assess and final assessments related to delivery and installation charges issued before the bill's effective date within 90 days.

Prohibits the Department of Treasury from issuing new assessments for delivery and installation charges for any open tax periods before the bill's effective date under the statute of limitations.

Requires revenue lost from the delivery and installation charge exclusion to be deposited in the state school aid fund, as determined by the Department of Treasury.

Takes immediate effect on April 26, 2023.