SENATE BILL No. 677

 

 

September 15, 2011, Introduced by Senator PROOS and referred to the Committee on Finance.

 

 

 

     A bill to amend 1967 PA 281, entitled

 

"Income tax act of 1967,"

 

by amending section 705 (MCL 206.705), as added by 2011 PA 38.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 705. All provisions relating to the administration,

 

collection, and enforcement of this act and 1941 PA 122, MCL 205.1

 

to 205.31, apply to the employer, flow-through entity, eligible

 

production company, casino licensee, or race meeting licensee or

 

track licensee all persons required to withhold taxes and to the

 

taxes required to be withheld under this part. If the department

 

has reasonable grounds to believe that an employer, flow-through

 

entity, eligible production company, casino licensee, race meeting

 

licensee, or track licensee a person required to withhold taxes

 

under this part will not pay taxes withheld to this state or, if


 

applicable, to the community college, as prescribed by this part,

 

or to provide a more efficient administration, the department may

 

require the employer, flow-through entity, eligible production

 

company, casino licensee, race meeting licensee, or track licensee

 

that person to make the return and pay to the department or, if

 

applicable, to the community college, the tax deducted and withheld

 

at other than monthly periods, or from time to time, or require the

 

employer, flow-through entity, eligible production company, casino

 

licensee, race meeting licensee, or track licensee that person to

 

deposit the tax in a bank approved by the department in a separate

 

account, in trust for the department or, if applicable, the

 

community college, and payable to the department or the community

 

college, and to keep the amount of the taxes in the account until

 

payment over to the department or the community college.

 

     Enacting section 1. This amendatory act takes effect January

 

1, 2012.