Act No. 153

Public Acts of 2000

Approved by the Governor

June 9, 2000

Filed with the Secretary of State

June 12, 2000

EFFECTIVE DATE: June 12, 2000

STATE OF MICHIGAN

90TH LEGISLATURE

REGULAR SESSION OF 2000

Introduced by Senators Goschka, Johnson, Hammerstrom, North, Rogers, Gast, Steil, Dunaskiss, Shugars, McCotter, Bennett, Stille, Jaye, McManus, Schwarz, Bullard, Gougeon, Schuette, Hart, Dingell, Young, Peters, Murphy, Byrum, Hoffman, DeBeaussaert, A. Smith, Vaughn and Miller

ENROLLED SENATE BILL No. 585

AN ACT to amend 1937 PA 94, entitled ''An act to provide for the levy, assessment and collection of a specific excise tax on the storage, use or consumption in this state of tangible personal property and certain services; to appropriate the proceeds thereof; and to prescribe penalties for violations of the provisions of this act,'' (MCL 205.91 to 205.111) by adding section 11.

The People of the State of Michigan enact:

Sec. 11. (1) If a person liable for collection of the tax under this act refunds or provides a credit for all or a portion of the amount of the purchase price paid for returned tangible personal property within the time period for returns stated in that person's refund policy or 180 days after the initial sale, whichever is sooner, that person shall also refund or provide a credit for the tax levied under this act that was added to all or that portion of the amount of the purchase price paid that is refunded or credited.

(2) If a person liable for collection of the tax under this act refunds or provides a credit for all or a portion of an amount paid for a service taxable under this act within the time period for returns stated in that person's refund policy or 180 days after the initial sale, whichever is sooner, that person shall also refund or provide a credit for the tax paid under this act on all or that portion of the amount paid for services that is refunded or credited.

This act is ordered to take immediate effect.

Secretary of the Senate.

Clerk of the House of Representatives.

Approved

Governor.