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MI SB0124

MI SB0124
Individual income tax: returns; extension of filing deadline for income taxes under certain circumstances; authorize. Amends sec. 301a of 1967 PA 281 (MCL 206.301a).


summary

Introduced
03/06/2025
In Committee
03/06/2025
Crossed Over
Passed
Dead

Introduced Session

103rd Legislature

Bill Summary

A bill to amend 1967 PA 281, entitled"Income tax act of 1967,"by amending section 301a (MCL 206.301a), as added by 2021 PA 8.

AI Summary

This bill amends Michigan's Income Tax Act to provide flexibility for tax filing deadlines during exceptional circumstances, specifically when the Internal Revenue Service (IRS) extends federal tax filing dates. For the 2020 tax year, the bill automatically extends the state tax filing deadline from April 15 to May 17, 2021. More broadly, the bill allows the state tax department to extend any tax filing deadline if the IRS extends the federal filing deadline for individual taxpayers. When such an extension occurs, the state department must publish the new deadline at least 30 days before the original due date and ensure the extension matches the IRS's extended timeline, unless there is a compelling reason for a shorter extension. Importantly, taxpayers will not be subject to interest or penalties during these authorized extension periods, which provides relief and flexibility for individuals who might struggle to meet original tax filing deadlines due to extraordinary circumstances.

Committee Categories

Budget and Finance

Sponsors (9)

Last Action

Senate Finance, Insurance, and Consumer Protection (12:30:00 12/3/2025 Room 1200, Binsfeld Office Building 201 Townsend St, Lansing, M) (on 12/03/2025)

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