February 15, 2005, Introduced by Reps. Pastor, Garfield, Walker, Elsenheimer and Gosselin and referred to the Committee on Tax Policy.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.532) by adding section 522a.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 522a. (1) The department shall certify a refund or credit
amount due under sections 520 and 522 to the state disbursing
authority, who shall pay the amount within 45 days after the claim
is filed or 45 days after the date established by law for the
filing of a claim under sections 520 and 522 plus interest at the
rate calculated under section 23 of 1941 PA 122, MCL 205.23, for
deficiencies in tax payments, which shall be added to the refund or
credit beginning the day after the 45-day period has expired.
(2) Notwithstanding any other provision of law to the
contrary, the department shall not charge interest on any state
income tax liability under this act during the period of time after
the expiration of the 45 days under subsection (1) during which a
claimant does not receive a refund or credit amount owed under
sections 520 and 522.