Michigan Laws 207.1074 – Collection of tax from purchaser; election
Current as of: 2023 | Check for updates
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(1) A supplier who sells motor fuel shall collect from the purchaser the tax imposed on that fuel by section 8.
(2) At the election of an eligible purchaser, a supplier shall not require the eligible purchaser to pay the tax to the supplier sooner than 1 business day before the date the tax is required to be remitted to the department under section 71.
Terms Used In Michigan Laws 207.1074
- Department: means the department of treasury or its designee. See Michigan Laws 207.1002
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
- Eligible purchaser: means a person who has been authorized by the department under section 75 to make an election under section 74. See Michigan Laws 207.1002
- Motor fuel: means gasoline, diesel fuel, kerosene, a mixture of gasoline, diesel fuel, or kerosene, or a mixture of gasoline, diesel fuel, or kerosene and any other substance. See Michigan Laws 207.1004
- Tax: means a tax, interest, or penalty levied under this act. See Michigan Laws 207.1006
(3) Notice of an election shall be evidenced by a written statement from the department that the purchaser is an eligible purchaser under section 75.
(4) An election under this section is subject to the condition that the eligible purchaser’s remittances of all tax due to the supplier shall be paid by electronic funds transfer on or before 1 business day before the date of the remittance by the supplier to the department.
(5) An election under this section may be terminated by the supplier if the eligible purchaser does not make timely payments to the supplier as required by this section.