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.