July 21, 2004, Introduced by Reps. Meyer, Stakoe, Wenke, Condino, Zelenko, Milosch, Hummel, Nofs, Sheen, Koetje, Taub, LaJoy, Acciavatti, Ward, DeRoche and Pastor and referred to the Committee on Tax Policy.
A bill to amend 1941 PA 122, entitled
"An act to establish the revenue collection duties of the
department of treasury; to prescribe its powers and duties as the
revenue collection agency of the state; to prescribe certain
powers and duties of the state treasurer; to regulate the
importation, stamping, and disposition of certain tobacco
products; to provide for the transfer of powers and duties now
vested in certain other state boards, commissions, departments
and offices; to prescribe certain duties of and require certain
reports from the department of treasury; to provide procedures
for the payment, administration, audit, assessment, levy of
interests or penalties on, and appeals of taxes and tax
liability; to prescribe its powers and duties if an agreement to
act as agent for a city to administer, collect, and enforce the
city income tax act on behalf of a city is entered into with any
city; to provide an appropriation; to abolish the state board of
tax administration; to prescribe penalties and provide remedies;
and to declare the effect of this act,"
(MCL 205.1 to 205.31) by adding section 21a.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 21a. In the course of an audit conducted under the
2 authority of section 21, a taxpayer has the right to claim credit
3 amounts as an offset against debit amounts determined in the
1 audit, provided, however, that a taxpayer, other than a person
2 engaged in the business of making sales at retail, may not claim
3 an offset for a credit for sales tax levied under the general
4 sales tax act, 1933 PA 167, MCL 205.51 to 205.78, in excess of
5 $5,000.00.