Senate Approves Income Tax Flexibility Bills

Liz Gullett

May 15, 2020

The Senate approved of legislation to extend state and local income tax filing and payment deadlines to match the extension provided by the federal government for the 2019 tax year. The proposal, introduced by Senator Jim Stamas (R-Midland) would extend state and local income tax filing and payment deadlines from April 15 to July 15 for most individuals and business and from April 30 to July 31 for other businesses. Additionally, it would waive all interest and penalties for filing or paying income tax late for tax year 2019 until after the deadlines set in the proposal are reached. Penalties and interest would start to accrue beginning July 16 for most individuals and businesses and August 1 for other businesses. The bill package has been referred to the House Government Operations Committee for consideration.

Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.