MI HB5863

Adds a new exclusion from use tax purchase price for credit card surcharges, defined as surcharges or fees imposed for the use of a credit card.

Makes the credit card surcharge exclusion retroactively applicable to all tax periods open under the statute of limitations in section 27a of 1941 PA 122.

Clarifies that delivery and installation charges can be excluded from use tax if separately stated on invoices and taxpayer maintains separate records, with exceptions for utility charges.

Requires the Department of Treasury to cancel outstanding balances on assessments and notices of intent to assess related to delivery and installation charges issued before April 26, 2023.

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