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60 chapters · 469 sections in this title.
Mich. Comp. Laws § 211.1121 Short title.
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Sec. 1. This act may be cited as the "qualified heavy equipment rental personal property specific tax act".
Mich. Comp. Laws § 211.1123 Definitions.
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Sec. 3. As used in this act: (a) "Department" means the department of treasury. (b) "Eligible personal property" means personal property exempt under section 9p of the general property tax act, 1893 PA 206, MCL 211.9p, and qualified heavy equipment rental personal property acquir…
Mich. Comp. Laws § 211.1125 Qualified heavy equipment rental personal property specific tax; levy; amount; collection and remission by qualified renter; exception; rate adjustment.
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Sec. 5. (1) Beginning January 1, 2023, in addition to all other taxes, the qualified heavy equipment rental personal property specific tax is levied on each transaction of a qualified renter for renting eligible personal property as provided in this section. (2) The tax under thi…
Mich. Comp. Laws § 211.1127 Collection and administration of the specific tax; submission of completed statement and payment; notice; penalties; rescission; books and records; appeal process.
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Sec. 7. (1) The department shall collect and administer the tax as provided in this section. (2) Not later than March 31 each year beginning in 2023, the department shall make available a statement, to be submitted in a form and manner prescribed by the department, for calculatin…