This bill amends the Income Tax Act of 1967 by providing an automatic extension for individuals required to file their annual tax returns for the 2020 tax year. Specifically, it allows taxpayers to file their returns until May 17, 2021, without needing to request an extension. If the Internal Revenue Service (IRS) extends the federal income tax filing deadline for the 2020 tax year after April 22, 2021, the state deadline will also be automatically extended to match the new federal due date.

Additionally, the bill grants the Michigan Department of Treasury the authority to extend any due date for tax years if the IRS has extended the federal filing deadline. The department's extension must align with the IRS's new deadline unless there is a compelling reason for a shorter extension. During the extension period, taxpayers will not incur any interest or penalties.

Statutes affected:
Senate Introduced Bill: 206.301