2024 Senate Bill 696

Sales tax: collections; collection of sales tax by small businesses; modify.

A bill to amend 1933 PA 167, entitled “General sales tax act,” by amending section 4 (MCL 205.54), as amended by 2004 PA 173.

AI Analysis – Experimental

The bill amends the General Sales Tax Act to adjust tax deduction rates and caps, increase the taxable gross proceeds eligible for deductions, and clarify conditions for late payments and extended payment periods.

Introduced in the Senate

Jan. 25, 2024

Introduced by Sen. Michele Hoitenga (R-36) and three co-sponsors

Co-sponsored by Sens. Joseph Bellino (R-16), Michael Webber (R-9) and Roger Hauck (R-34)

Referred to the Committee on Finance, Insurance, and Consumer Protection