At the urging of the Michigan Chamber, the Michigan Department of Treasury announced late last month that businesses who had taken advantage of the Department’s SUW deferral for payments due in March, April and May could take part in a 6 month installment plan to get caught up on their SUW liabilities. While this announcement was welcomed news, the Chamber believed additional months’ SUW taxes should be deferred and allowed to be paid over a period of time and that the relief should include accelerated filers as relief in the past excluded them.
At the request of the Michigan Chamber SB 935, SB 936 and SB 937 were introduced to provide for more SUW relief. Together, the legislation would take March through August’s SUW payments and allow them to be paid over 6 months. The legislation also included accelerated filers.
The Chamber testified in support of the legislation in the Senate Finance Committee last week and the bill was reported despite Treasury’s opposition. The sill was sent to the House yesterday with wide, bipartisan support.
For more information on this legislation, please contact Dan Papineau at firstname.lastname@example.org