This bill amends the 1941 PA 122, which outlines the revenue collection duties of the Department of Treasury in Michigan. Key changes include the insertion of new legal language that clarifies the conditions under which taxes are administered, such as the requirement for notice to be given by personal service or certified mail to the taxpayer's last known address. It also specifies that the state treasurer may request information from other state departments to fulfill their duties and that any department must comply with such requests. Additionally, the bill emphasizes the confidentiality of tax information and outlines penalties for violations, including potential felony charges for unauthorized disclosures.

The bill also modifies existing language regarding the state treasurer's authority, including the ability to enter into reciprocal agreements with other governmental entities for data exchange and enforcement purposes. It mandates the annual preparation of a report detailing statistics related to the Michigan business tax, ensuring that sensitive taxpayer information remains confidential. Furthermore, it establishes penalties for employees who violate confidentiality provisions, reinforcing the importance of protecting taxpayer information. The enactment of this bill is contingent upon the passage of Senate Bill No. 631.

Statutes affected:
Senate Introduced Bill: 205.28