2013 House Bill 4760 / 2014 Public Act 424

Increase interest payments to taxpayers owed refunds

Introduced in the House

May 22, 2013

Introduced by Rep. Vicki Barnett (D-37)

To require the state to pay “an additional monthly interest rate of 3 percent per annum” to a business that filed under the repealed Michigan Business Tax and is due a tax refund because of an overpayment, starting 90 days after the claim is due or filed.

Referred to the Committee on Tax Policy

Oct. 2, 2013

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Oct. 8, 2013

Substitute offered

The substitute passed by voice vote

Oct. 9, 2013

Passed in the House 106 to 2 (details)

Received in the Senate

Oct. 10, 2013

Referred to the Committee on Finance

Jan. 21, 2014

Reported without amendment

With the recommendation that the substitute (S­1) be adopted and that the bill then pass.

Dec. 18, 2014

Passed in the Senate 36 to 0 (details)

To require the state to pay “an additional monthly interest rate of 3 percent per annum” to a business that filed under the repealed Michigan Business Tax and is due a tax refund because of an overpayment, starting 90 days after the claim is due or filed.

Received in the House

Dec. 18, 2014

Passed in the House 109 to 1 (details)

To concur with the Senate-passed version of the bill.

Signed by Gov. Rick Snyder

Dec. 30, 2014