MI HB5862

Adds credit card surcharges to the list of exclusions from sales price subject to Michigan sales tax, defining "credit card surcharge" as a surcharge or fee imposed for the use of a credit card.

Makes the credit card surcharge exclusion retroactively applicable to all tax periods still open under the statute of limitations.

Clarifies that delivery and installation charges can be excluded from sales tax if separately stated on invoices and the seller maintains separate books and records, with an exception for utility charges involving electricity, natural gas, or artificial gas.

Directs 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 April 26, 2023.

Prohibits the Department of Treasury from issuing new assessments for delivery and installation charges for any tax period before April 26, 2023 that remains open under the statute of limitations.