MI SB0426

Clarifies that professional employer organizations (PEOs) are responsible for withholding and remitting income taxes to community colleges when employers have job training agreements under the Community College Act's new jobs training program

Requires PEOs that have agreements with employers for new job employees to delineate in tax returns the amounts paid to the state versus amounts paid to community colleges

Removes outdated provisions related to flow-through entity withholding requirements for tax years beginning before July 1, 2016, streamlining the tax code

Updates terminology throughout the chapter, changing references from "part" to "chapter" for consistency

Takes effect only if Senate Bill No. 425 of the 103rd Legislature is also enacted into law (tie bar provision)