Tax Refund Interest & Penalty Calculation (Revenue Act)
Current understanding
Michigan’s Revenue Act (1941 PA 122), sec. 30 (MCL 205.30), governs how the Department of Treasury calculates interest and penalties on tax refunds owed to taxpayers. SB1083 (introduced) would amend sec. 30 to adjust the calculation rules for interest and penalties tied to the issuance of certain refunds. The bill is at the introduced stage; specific rate or timing changes are not yet summarized here.
Evidence log
Open questions
Related
Contributing findings
Taxation: administration; calculation of interest and penalties related to the issuance of certain refunds; provide for. Amends sec. 30 of 1941 PA 122 (MCL 205.30).
01-jul-2026
novelty 2
per-area 2
introduces