2013 House Bill 4002 / Public Act 133

Increase interest to taxpayers owed refunds

Introduced in the House

Jan. 9, 2013

Introduced

To require the state to pay 3 percent in interest (annual rate) to a taxpayer who is due a tax refund because of an overpayment (including excessive "withholding"), starting 60 days after the claim is filed.

Referred to the Committee on Tax Policy

March 6, 2013

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

April 11, 2013

Substitute offered

The substitute passed by voice vote

April 18, 2013

Substitute offered by Rep. Mike Shirkey (R-65)

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

The substitute passed by voice vote

Passed in the House 107 to 0 (details)

To require the state to pay 3 percent in interest (annual rate) to a taxpayer who is due a tax refund because of an overpayment (including excessive "withholding"), starting 60 days after the claim is filed. This would be in addition to the current requirement that interest be paid at a rate that is 1 percent over the prime rate.

Received in the Senate

April 23, 2013

Referred to the Committee on Finance

May 28, 2013

Reported without amendment

With the recommendation that the bill pass.

Oct. 3, 2013

Substitute offered

The substitute passed by voice vote

Passed in the Senate 37 to 0 (details)

Received in the House

Oct. 3, 2013

Oct. 9, 2013

Passed in the House 108 to 0 (details)

Signed by Gov. Rick Snyder

Oct. 15, 2013