Michigan HB5876 modifies the settlement process to reflect the repeal of the state real estate transfer tax act.

Michigan HB5876 amends the settlement process for tax disputes to exclude the state real estate transfer tax act. It outlines the procedures for settlement offers, counter-offers, and responses, and specifies that these documents cannot be used as proof in court. The bill also details the conditions under which the settlement process does not apply, such as when a taxpayer fails to pay a tax or admits to owing a tax. Additionally, it mandates that the department must complete fieldwork and provide a preliminary audit determination within one year after the tax period.

Michigan HB5876 modifies the settlement process to reflect the repeal of the state real estate transfer tax act.

Michigan HB5876 amends the settlement process for tax disputes to exclude the state real estate transfer tax act. It outlines the procedures for settlement offers, counter-offers, and responses, and specifies that these documents cannot be used as proof in court. The bill also details the conditions under which the settlement process does not apply, such as when a taxpayer fails to pay a tax or admits to owing a tax. Additionally, it mandates that the department must complete fieldwork and provide a preliminary audit determination within one year after the tax period.